Kingstone Real Estate has announced the appointment of 53-year old real estate investment executive Paul H. Muno as managing partner in its healthcare investment subsidiary.
Together with fellow managing director Bärbel Schomberg, he is expected to drive sustained growth within the healthcare property segment. Kingstone Living & Care (KLC) provides a platform for German and international institutional investors to invest in healthcare properties such as nursing homes, age-appropriate forms of living, medical offices and rehabilitation clinics through both funds and separate accounts.
Muno joins KLC from Principal Real Estate Europe, where he has served as head of Germany and member of the European board since 2011. While at Principal, Muno built up the German and European business with institutional clients and gained many years of direct experience in investment and asset management within the healthcare real estate segment.
His past professional career also includes experience as business head of Commerz Real Spezialfondsgesellschaft, a Commerzbank subsidiary for institutional real estate fund management, and as a fund manager for Oppenheim Immobilien-Kapitalverwaltungsgesellschaft, likewise a real estate investment management subsidiary, before Oppenheim’s later takeover by Deutsche Bank.
‘The competition for healthcare properties is becoming ever more intense,’ said Bärbel Schomberg, managing director of Kingstone Real Estate. ‘We already built up a comprehensive investment pipeline and are actively looking for individual assets throughout Germany which offer strong long-term potential. Paul Muno is a proven healthcare real estate investment professional with a remarkable track record. His extensive knowledge will help us to implement our investment strategy.’