Elevation Advisors LLP (“Elevation”), a specialist healthcare and senior living real estate investment manager, has launched European Senior Living (“ESL”), a real estate impact investment platform targeting €600 million of investments in modern, high-quality care homes and assisted-living assets across Germany.
As demographic pressures intensify and the number of elderly individuals requiring support continues to grow, investment in purpose-built care facilities has become essential to ensure adequate capacity, quality of care, and long-term resilience in Germany’s elderly care sector. ESL will seek to aggregate a diversified portfolio of prime and essential assets leased to established healthcare and senior living operators that demonstrate strong track records in operational excellence and care quality.
Seeded with an initial equity commitment of €150 million from an institutional investor, ESL has signed its first transaction; a prime portfolio of nine care homes and 40 assisted-living apartments diversified across North and West Germany, underpinned by strong operating performance with all care homes currently more than 90% occupied. The assets will be leased to Alloheim Group, Germany’s largest care home operator1, on long-term inflation-indexed leases.
The transaction is expected to complete in Q4 2026 and supports ESL’s strategy of directing long-term institutional capital to critical social infrastructure and positive environmental impact. In February 2026, Elevation became a signatory of the Operating Principles of Impact Management (“OPIM”). ESL will form part of Elevation’s ongoing disclosures to OPIM from 2027, reporting on the strategy’s social impacts and outcomes under its Social Framework.
The launch builds on Elevation’s established European experience. Elevation first invested in continental Europe in 2021 through a partnership with senior living and healthcare listed operator Clariane, across 23 healthcare assets located in France, Germany and Spain. ESL extends that strategy with a specialist platform supported by Elevation’s dedicated team that has leadership experience in German senior living and healthcare operations.
Andrea Auteri, Managing Partner at Elevation, said: “The launch of ESL is an important milestone in Elevation’s European growth. It also reflects our conviction that the senior living market presents deep undersupply characteristics, less of the affordability pressure evident in other living categories, and compelling opportunities to deliver positive social impact. Germany’s senior living market combines strong long-term demand with a clear need for modern, fit-for-purpose real estate. ESL gives us the capacity to invest with a long-term perspective, working alongside experienced operators to create resilient portfolios and support the necessary development of essential care infrastructure.”
ENDS
About Elevation
Elevation is a specialist investment manager in the European healthcare real estate sector with over €2.75bn of assets under management (as of 31 March 2026) in four countries (U.K., France, Germany and Spain) spanning care homes, rehabilitation clinics and specialist assets for learning disabilities and mental health. For more information, please visit elevationadvisors.co.uk.