Patrizia SE, a German investment management company focused on the real estate market across Europe, has completed the recapitalisation of a portfolio of post-acute healthcare clinics across Germany. Under the transaction, US-based global investment firm Sixth Street has provided long-term capital to support the portfolio’s next phase of ownership.
Patrizia will continue to manage the portfolio through its closed-end fund.
“Patrizia continues to see attractive long-term opportunities across healthcare real estate, where specialist investment management capabilities are increasingly valued by institutional investors seeking exposure to resilient sectors supported by structural demographic trends,” said Patrizia head of Investment Management DACH Daniel Dreyer.
K2MB, an independent real estate investment firm, will lead the day-to-day operational and asset management. K2MB will work closely with the operator to implement extensive property improvements, ensuring healthcare facilities remain competitive and resilient for the long term.
“We’re grateful for this partnership with Sixth Street in the German healthcare real estate market,” said Jan Krizan, managing director of K2MB.
Demand for post-acute healthcare real estate continues to be supported by structural demographic trends, increasing healthcare needs and the essential role these facilities play within Germany’s healthcare system. Germany operates over 1,000 post-acute rehabilitation clinics with 160,000+ beds with current occupancy of 84% with growing demand for quality care.
More than half are privately operated. Rehabilitation patients achieve measurable positive health outcomes, reducing long-term costs associated with early retirement and work disability.
