AviaRent acquires senior care residence in Dresden for its CareVision III fund

• Fully-occupied inpatient nursing facility with a total of 148 rooms
• 11,400 square metres of living space

AviaRent has acquired a senior care residence in the southeast of Dresden for approximately €15 million for its open-ended special AIF “CareVision III”.

The senior care residence consists of two independently used buildings in the Leuben district of Dresden and is located on a plot of land measuring approximately 9,460 square metres. The residence has a total of 252 inpatient nursing places in 44 single rooms and 104 double rooms with total living space of 11,400 square metres. The current occupancy rate is 100 per cent.

“Dresden’s demographic structure is changing. The number of residents aged over 75 will increase from 31,200 to just under 98,000 by 2025. This megatrend is already in full swing, which is reflected not least in the long waiting list for this senior care residence in the southeast of Dresden”, says Yenna Haack, CEO of AviaRent Invest AG.

The open-ended special AIF “CareVision III” invests in long-term care facilities with a geographic focus on Germany. The fund’s investment strategy also includes investments in the development of future alternative forms of living in the “Assisted Living Plus” segment, such as senior citizens’ shared apartments and assisted living properties.