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Even Capital

Successful closing of Even Rx Properties.

Geneva (ots)

Even Capital has today announced the successful launch of Even Rx
Properties SCA.
The fund, an unlisted closed ended Luxembourg
investment vehicle, has a target size of EUR 300 million. Its
objective is to generate rental income and capital growth through
investments in primary health care property in Germany and
Switzerland.
At first closing the fund has already had commitments for
one-third of the target capital, and the final closing is expected to
take place before year end. The fund has an expected internal rate of
return of 15%. It has already committed to acquire five nursing care
facilities, and a further pipeline of properties is in the process of
being secured.
"Investing in healthcare and nursing care facilities provide long
term rental visibility with the ability to participate in a fast
growing and consolidating industry underpinned by a strong
demographic trend. When compared with other asset classes, we believe
these assets provide a good risk reward profile considering their
high yield together with sensible diversification and little
correlation from traditional property sectors," said Morris Katri,
managing partner at Even Capital.
Even Capital is a Geneva based financial services group with
offices in Munich and Luxembourg. Even Capital manages real estate
investment companies operating in Continental Europe, as well as
separate account mandates for institutional clients. The group
provides private and institutional investors with custom tailored
opportunities to create or participate in closed-end property funds
focused on high-quality, income-producing social, office, retail,
residential and mixed-use sector facilities in top tier Western
European markets with a focus on Germany and Switzerland.

Contact:

Even Capital, Geneva
Morris Katri
Tel.: +41/22/306'00'03
E-Mail: mk@evencapital.com