LB Immo Invest, a German investment company founded by HSH Real Estate, Real I.S. and Landesbank Hessen-Thuringen, has announced it will launch a special property fund investing mainly in nursing homes. The fund has a target size of EUR 500 mln. The fund will invest in some 50 nursing homes with a price ranging from EUR 8 mln to EUR 13 mln and targeting a net yield of between 6.75% and 7% a year. The company said the first ten assets, comprising three development projects, have already been identified and will involve a total investment of EUR 95 mln.
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