27 Apr Threestones Capital Completes the Acquisition of 3 Assets in Germany for Its 5th European Healthcare Real Estate Fund – Eurocare V

Following the successful launch of its 5th European Healthcare Real Estate Fund, Threestones Capital is pleased to announce the acquisition of three facilities for Eurocare V.

The three established senior care homes in Germany offer a total of 267 in-patient care places. One asset is located in the town of Bad Essen in the region of Lower Saxony, and two assets are located in the region of Bavaria in the towns of Bad Windsheim and Ansbach.

In this acquisition, Threestones partnered with the established institutional operator VidaCura, which acquired the operating companies and entered into a newly structured long-term lease agreement. The parties agreed on an asset modernisation plan involving capex investments during the holding period, including the complete renewal of the heating systems at two senior care homes using sustainable energy sources.

Threestones Capital continues to pursue its strategy of forming strong partnerships with healthcare operators and implementing active asset management from acquisition during the holding period. Eurocare V is capitalising on market inefficiencies within a fragmented sector, building a robust portfolio that generates reliable cash flows and long-term value.

“With these acquisitions, we are creating a strong foundation for Eurocare V, combining high-quality healthcare assets with long-term, institutionally structured leases. This aligns perfectly with our strategy of partnering with established local operators to execute ‘OpCo & PropCo’ deals with new lease structuring.”

Giovanni Perin, Partner at Threestones Capital