Elevation Advisors, a specialist investment manager in the European healthcare real estate sector, has completed an initial closing of £330 million ($404 million) of equity commitments for the Elevation Healthcare Properties (EHP) vehicle.
EHP is an open-ended healthcare real estate investment vehicle focused on prime elderly care real estate in the United Kingdom. EHP currently owns 26 care home properties providing more than 1,800 beds tenanted to six best-in-class operating partners. EHP’s modern, purpose-built healthcare properties provide high-quality needs-based services to a predominantly private-pay clientele.
The initial equity commitments were used to seed the vehicle with more than £400 million ($492 million) of care home properties and will provide equity for additional acquisitions. Based on investor appetite, Elevation said it is planning to continue expanding the vehicle.
“We are excited to complete this fundraising and move our well-establi
