Heitman acquires senior living residence in the Netherlands

US investment manager Heitman announced on Thursday that it has acquired a 285-unit, luxury senior living residence in Tilburg, the Netherlands, on behalf of a joint venture between two affiliates of the firm.

Financial details were not disclosed.

Leyhoeve Tilburg is the second senior housing asset that Heitman has acquired from Bonita Groep in the Netherlands during the past year. The first was Leyhoeve Groningen, a 282-unit luxury senior living community.

The senior living residence is located on the southern border of Tilburg’s city centre, adjacent to Leijpark, one of the largest public parks in the city. Leyhoeve Tilburg consists of 200 luxury senior living apartments, 85 specialised care units and a range of common area amenities.

'We are pleased to add this high-quality senior living facility to our pan-European portfolio. There is a supply shortfall of premium senior care space in the Dutch market and the European living sectors continue to represent an attractive combination of stable income and growth for a European or global portfolio,' said Tony Smedley, Heitman managing director and head of European Private Equity. 'The acquisition of Leyhoeve Tilburg further diversifies our portfolio across the
Netherlands and has enabled us to continue to grow capital commitments from our investors, this latest joint venture being the first acquisition for a new, dedicated European mandate on behalf of a global investor client of the firm.'

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