Cortese has added its fourth and final object to the portfolio of the Cortese Care Homes Fund I CV. This new fund from Cortese invests in four residential care complexes in South Limburg. These are objects that are rented for 20 years to an organization that offers small-scale housing to people with dementia.
Residence Mariahof | Sittard
This purchased object concerns a complete renovation project. The former and nationally listed monastery in Sittard is being converted into a residential care complex (Residentie Mariahof) for people with dementia. After renovation, the property has a total of 32 care studios/apartments, ranging from 32 m² to 74 m².
Tenant and care provider
The residential care complexes are fully and long-term leased to GEN Residenties on the basis of triple net rental agreements. GEN Residenties rents the apartments to individual residents. The residents are people with dementia who can no longer live independently. Due to a greater need for care, they are dependent on 24-hour care.
Healthcare organization Nobama Care provides 24-hour care to residents in accordance with the Long-term Care Act (Wlz). Nobama Care is a recognized care provider and specializes in providing intensive care to people with dementia.
The entire purchasing and selling process is supervised by ABC Capital together with UNO vgm.
Rémy Voskamp, director of Cortese: “Recently we have been busy purchasing the objects in the Cortese Care Homes Fund. We are therefore very excited that we were able to complete the latest purchase just before the new year. We are now entering a new phase and we look forward to the end of next year where all objects are expected to be delivered habitable. We will of course keep you informed about this”
About Cortese
The program Cortese Care Homes Fund I is Cortese's ninth fund and its first Care Homes investment fund. In addition to this fund, Cortese also has eight bond funds in healthcare real estate.
Cortese has been investing in healthcare real estate since 2010 and currently owns more than 50 health centers and more than €200 million of invested assets under management.
Cortese is constantly looking for healthcare-related investment objects. This concerns both the development of new health centers and existing healthcare real estate.