Zur Vor-Weihnachtszeit bei den Klöstern im Klösterreich Straß im Straßertale (ots) - Um die ...
Successful closing of Even Rx Properties.
Even Capital has today announced the successful launch of Even Rx Properties SCA.
Geneva (ots) - 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.
ots Originaltext: Even Capital
Even Capital, Geneva