Threestones Capital Management, a Luxembourg-based alternative investment fund manager, has acquired a new nursing home in Aragon, Spain, adding 100 beds to its Eurocare Real Estate Fund.
According to Threestones, the asset is operated by Armonea/Colisee, a joint venture operating in the elderly care segment in France, Italy and Spain.
Earlier this month, Threestones closed its Eurocare Real Estate Fund, with €450 million ($508 million) in capital commitments, oversubscribed to its target of €300 million ($339 million).
Threestones has already started investing on behalf of the fund and has completed 38 acquisitions in Germany, Italy and Spain. The firm is looking to add up to 20 more assets over the next fe
