Azora, in a joint venture with Twentytwo Real Estate Fund III, has acquired the senior independent living business of Emeis Group (formerly known as the Orpea Group) in France. The acquisition adds a portfolio of 17 properties comprising a total of 1,850 apartments to Azora’s existing senior independent living portfolio.
These residences are designed to meet the needs of older adults who are able to live independently but seek a safe and community-oriented environment. They offer a wide range of services aimed at the well-being of residents, including landscaped gardens, a restaurant, a café, TV and meeting lounges, and physiotherapy and spa facilities.
The acquired portfolio is one of the highest quality in the independent living segment in France, with assets strategically located in major cities.
The transaction brings Azora’s senior living assets under management to €800 million ($921 million), with 53 assets and a total of 5,000 beds and 3,000 indepe
