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La Française REM buys senior housing asset in France

La Française Real Estate Managers (REM) has acquired a coliving residence for seniors in France for an unspecified amount. 

The 19th century private hotel, the former home of the painter Dunoyer de Segonzac, was acquired for a collective real estate investment vehicle. 

It is located at 9 Avenue Sainte Marie in Chaville and operated by Chez Jeannette under a 12-year lease.

The asset offers a surface area of 310 square metres spread over four levels and will be transformed into shared senior housing with services, which can accommodate eight residents, La Française REM said.

Source: realassets.ipe.com on the 23rd of January
https://realassets.ipe.com/news/la-francaise-rem-buys-senior-housing-asset-in-france/10071144.article