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Transactions - FEBRUARY 28, 2020

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AviaRent acquires senior care center in Germany for CareVision IV fund

by Released

AviaRent AG has acquired a senior care center in Diemelstadt, Germany, for its open-end property fund, CareVision IV.

The seller was advised by the law firm Wirfs. Both parties have agreed not to disclose the purchase price.

Lustgarten, the 5,200-square-meter (56,000-square-foot) inpatient senior care center at Holpergrund 9–11 in Diemelstadt, has 139 care places in 43 single and 48 twin rooms as well as a car park with 21 outdoor parking spaces. Residents’ amenities include an in-house café with sun terrace, gardens, a library, and common rooms for a wide range of activities, such as therapeutic events, social events and church services. The center is operated by Alloheim Senioren Residenzen Zweite SE & Co. KG.

“The Lustgarten senior care center in Diemelstadt is located in the heart of a first-class recreational area and is equipped with modern, age-appropriate facilities to create a homely, cozy and familiar atmosphere for residents. With this late

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