Northern Horizon, a specialized healthcare real estate investor, has successfully deployed its fourth Nordic healthcare fund, Aged Care IV (ACIV), which has an investment capacity of €648 million ($703 million).
As of March 2024, the fund owns 44 assets and has committed to three assets under construction, bringing the portfolio to 47 assets in total.
Aged Care IV invests in modern, fit-for-purpose care homes and similar residential care assets in the Nordic countries. The fund’s strategy addresses the structural shortage of care homes and senior living concepts as a result of an aging population in the Nordics, while helping to solve a societal challenge by providing good-quality living conditions for the seniors. The buildings are leased to private and public care operators on long-term leases.
“We are pleased to have exceeded expectations since the final close in December 2022. While the real estate transaction volumes in general have been very low in t
