Heitman acquires Dutch senior living residence

Heitman LLC, a real estate investment management firm, has acquired Leyhoeve Tilburg, a 285-unit luxury senior living residence in Tilburg, the Netherlands. The seller was Bonita Groep. No financial terms were disclosed.

PRESS RELEASE

London, Oct. 2, 2019 – Heitman LLC (“Heitman”), a global real estate investment management firm, today announced 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. Leyhoeve Tilburg is the second senior housing asset that Heitman has acquired from Bonita Groep (“Bonita”) 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 including several restaurants and bars, lounge areas, hair and beauty salon, physical therapy centre, on-site child care, indoor swimming pool and spa open to both residents and non-residents.

“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.”

About Heitman
Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $44 billion in assets under management. Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies. Heitman serves a global client base with clients from North American, European, Middle Eastern and Asia-Pacific institutions, pension plans, foundations and corporations and individual investors. Headquartered in Chicago, with additional offices in North America, Europe, and Asia-Pacific, Heitman’s more than 325 employees offer specialized expertise – from a specific discipline to local insight.