DLE Living Launches Fundraising for Second Senior Living and Care Properties Fund: Fund Volume of 700 Million Euros Planned

DLE Living GmbH has initiated funding for its second fund focused on senior living and nursing care properties, the DLE Senior Living Fund II. The target fund volume is approximately €700 million, with €350 million allocated to equity. The fund aims to deliver an average annual distribution yield of 5.5 to 6.5 percent and has a term of ten years. Institutional investors can participate in the fund, which is structured under Luxembourg law, with a minimum investment of €5 million. The investment vehicle is designed to comply with the requirements of Article 8 of the EU Disclosure Regulation.

The fund plans to invest in existing properties, allocating 50 percent of the investment volume to assisted living facilities and the remaining 50 percent to nursing care facilities, with a minimum size of approximately €10 million per property.

“Our goal is to create living and care options that are suitable for active seniors at the start of retirement, as well as for individuals requiring high levels of care,”

says Alexander Fröse, Managing Partner at DLE Living. The aim is to build a portfolio with a professional and effective operational structure capable of addressing the challenges posed by the shortage of skilled nursing staff. Additionally, the investment vehicle is designed to offer institutional investors attractive deal sizes and sufficient diversification opportunities.

The fund focuses on nationwide investments in Germany, with decisions influenced by the availability of skilled labor, the quality of the micro-location, and local demographic trends over the next 50 to 70 years.

“An attractive micro-location with high living standards, excellent medical, social, and cultural infrastructure, as well as tailored retail options and access to public transportation, is essential,”

emphasizes Fröse.

“There should also be adequate potential for recruiting care staff and opportunities for future employee relocation.”

Due diligence for initial properties is underway or already completed. DLE Living acts as an advisor and is building on the investment success of its predecessor, the DLE Senior Living Fund I, which was fully allocated in 2024 and is expected to achieve a distribution yield of 5.5 percent for the year.