TSC Real Estate has acquired the KRÜGER Haus Halberstadt senior-living facility, located in Germany, from a private investment company.
Built in 2009, the KRÜGER Haus Halberstadt senior-living facility comprises a leasable area of around 3,100 square meters (33,368 square feet), and can house 60 residents.
TSC Real Estate acquired the asset for its 5QRE Healthcare Infrastructure Deutschland 01 fund, an investment vehicle tailored to German institutional investors. It is managed by a cooperation between TSC Real Estate and Hamburg-based Five Quarters Real Estate. The investment strategy is focused on primary medical care facilities such as medical centers, healthcare centers and rehabilitation and therapy facilities, as well as retirement properties, residential-nursing homes and assisted-living facilities.
TSC Real Estate did not disclose an exact purchase price, but hinted that it is in the high-single-digit-million euros range.
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