Focus Senior Housing Fund II advances toward $600m fundraising target

Chicago-based Focus Healthcare Partners (FHP) has raised $140 million for its Focus Senior Housing Fund II, according to a recent filing with the SEC. The value-add vehicle has a fundraising target of $600 million.

FHP is a real estate investment and asset management firm that invests in senior housing and healthcare real estate assets on behalf of institutional and private investors.

The fund’s predecessor, Focus Senior Housing Fund I, closed in 2017 at $312 million, surpassing its target of $200 million. Focus Senior Housing Fund I is a discretionary institutional investment fund established to make controlling investments in private-pay senior housing assets throughout the United States. The fund focuses on senior apartments, independent living, assisted living and memory care properties. It invests across the risk spectrum, including core, value-add and distressed opportunities.

Focus Senior Housing Fund II is believed to follow a similar investment strate