Elevation Advisors has launched European Senior Living, a real estate investment platform targeting €600 million ($698 million) of investments in care homes and assisted-living assets across Germany.
The platform has received an initial €150 million ($174 million) equity commitment from an institutional investor and has signed its first transaction, a portfolio of nine care homes and 40 assisted-living apartments across northern and western Germany. The care homes are currently more than 90 percent occupied.
The assets will be leased to Alloheim Group, Germany’s largest care home operator, under long-term, inflation-indexed leases. The transaction is expected to close in fourth quarter 2026.
European Senior Living will target a diversified portfolio of senior living and healthcare assets leased to established operators. The platform will also form part of Elevation’s disclosures under the Operating Principles for Impact Management beginning in 2027.
