DLE Living GmbH is launching fundraising for its second fund for senior housing and care properties (DLE Senior Living Fund II). A fund volume of approximately EUR 700 million is planned, of which EUR 350 million will be equity. The fund’s distribution yield is expected to be between 5.5 and 6.5 percent p.a. on average. The term is ten years. Institutional investors can participate in the fund under Luxembourg law with a minimum investment of EUR 5 million. The investment vehicle should satisfy the requirements of Article 8 of the Disclosure Regulation.

Investments in existing properties are planned. 50% of the investment volume will be allocated to assisted living and 50% to inpatient care facilities of around EUR 10 million or more. “We want to create a housing and care offering that is suitable for active seniors approaching retirement age as well as for people requiring a high level of care,” says Alexander Fröse, Managing Partner of DLE Living. The aim is to build a portfolio with a professional and efficient operator structure that can respond flexibly to the challenges posed by the shortage of skilled nursing staff. The investment vehicle will also create attractive lot sizes and sufficient diversification opportunities for institutional investors.

The fund takes into account Germany-wide investments that depend on the availability of skilled workers, the quality of the micro-location, and local demographic trends over the next 50 to 70 years. “An attractive micro-location with a high quality of life, good medical, social and cultural infrastructure as well as adequate retail and public transport connections is essential,” emphasizes Fröse. “There should also be sufficient potential for care staff and, in the long term, opportunities for future employees to move here.


Acquisition reviews for the first properties are underway or have been completed. DLE Living is acting as an advisor and is building on the previous investment success of DLE Senior Living Fund I with the new fund. The fund has been closed since 2024 and is expected to generate a distribution yield of 5.5% in 2024.


About DLE Living GmbH
DLE Living GmbH was founded in 2021 by Alexander Fröse and is a subsidiary of DLE Group AG. It sees itself as a specialized investment manager for care properties and assisted living in Germany. In line with the megatrend of an aging society, DLE Senior Living’s investment strategy offers competitive returns with growth potential. The first fund was successfully closed in December 2023. Fundraising for the second fund is currently underway.