The OPPCI (Professional Real Estate Investment Institution) LF Résidences Seniors, managed by La Française Real Estate Managers and launched in October 2016, has successfully held a €150 million ($175 million) final close.
The fund has started to invest its capital, deploying an investment volume of more than €200 million ($235 million) including debt. The real estate investments will cover all strategies, from core to value-added, and geographic and sector diversification.
As of March 31, 2018, nine residences were already in heritage, two under promise and two in the course of acquisition. The OPPCI will have 13 residences spread throughout France. Two residences have already been delivered to generate the first rents.
With a focus on the underlying real estate, particular attention has been paid to geographical diversification in the Paris region and in major cities. These acquisitions were identified and selected with a strategy focused on new, urban,
