AIF Capital acquires three care facilities for healthcare fund

AIF Capital Group, a specialist in regulated alternative investment funds, has acquired three care facilities for the open-ended healthcare fund AIF Fürsorge I.

The properties are located in Lübeck, Sulzbach and Wetzlar in Germany. With this acquisition, AIF Capital is improving the investment vehicle’s diversification in terms of location as well as operators. The fund now holds 15 assets.

The seller of the properties from the so-called LaVie portfolio is AG Real Estate from Brussels (Belgium) acting in a joint venture with Cardif Lux Vie in Luxemburg. The parties have agreed not to disclose the purchase price.

The three established inpatient care facilities in Hesse, Bavaria and Schleswig-Holstein have a total capacity of 353 places with a single-room share of around 90 percent. The facility in Lübeck has capacity for 100 patients, Sulzbach for 119 and the largest location is Wetzlar with capacity for for 114. Additionally there are 20 residential units i