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Round Hill Capital acquires senior living care facility in Germany
Round Hill Capital has acquired a senior living facility in Beuren, Germany, on behalf of a client investment strategy that aims to assemble a significant portfolio of such facilities in the country.
Pflege-Residenz-Beuren currently has 132 care units set across two buildings constructed between 2001 and 2005. With the refurbishment of these buildings, and the construction of an adjacent extension commencing in 2025, the offering will expand to include a total of 166 single bed units and an assisted living area. The refurbished development will include 9,845 square meters (105,970 square feet) of amenity spaces designed to support the health and wellbeing of the residents.
The total investment cost for the acquisition is €32 million ($35 million), which includes capex to improve the facility offering, increase the number of beds and develop a best-in-class service offering.
“Germany has a rapidly growing elderly population with a significant shortage of qual