Fund strategy

The Amvest Living & Care Fund is dedicated to providing high-quality living environments for those who need care and assistance. And for those who are looking for a future-proof home that can adapt to their future healthcare needs. By investing in Dutch residential healthcare real estate, we respond to demographic changes, help meet the growing demand for care homes and assisted living facilities, and provide attractive, stable returns for our investors.

The AL&C Fund strategy is based on three pillars:

Providing care homes for a large target group
Building a sustainable real estate portfolio
Investment focus on stable returns with a long-term horizon

1. Providing care homes for a large target group

The AL&CF primarily invests in two types of healthcare real estate: Assisted Living and small-scale nursing care homes. In addition, we may invest in limited opportunities in short-stay, disabled care, and primary care facilities to enhance our service offering and the value of the portfolio.

Assisted Living

Target group: elderly people and people with mild to heavy care needs who can still live independently.
Opportunity: the government is increasingly incentivising the use of outpatient care due to the limited capacity in nursing homes and hospitals, increasing the demand for assisted living.
Social impact: bridge the gap between regular residential living and the care home, address increase in loneliness, and reduce the demand for 'Wet maatschappelijke ondersteuning' (WMO) care resulting in the lower cost of care.
Rental segment: lower-priced, mid-priced, higher priced; with a strong focus on mid-priced.

Assisted Living combines residential living with integrated services, from healthcare to community activities. These housing solutions enable residents to live independently for a longer period of time, participate in their community, and live comfortably. There are various types of assisted living solutions. They are each characterised by life cycle-proof features, common areas, shared and communal outdoor spaces, and proximity to daily amenities. These homes are rented out directly to the residents. We select preferred partners to provide healthcare and community-related services. The Assisted Living concept may be offered alongside disability care and nursing home care in the same location.

Nursing home care

Target group: elderly people with a long-term care indication due to somatic and / or psycho-geriatric limitations and who can no longer live independently.
Opportunity: meet the growing demand for nursing care homes as a result of double ageing.
Social impact: offer high-quality, individualised care regardless of income level, and contribute to solving the shortage of nursing homes.
Rental segment: lower-priced, mid-priced, higher-priced.

Amvest invests in small-scale nursing homes that provide high-quality, individualised care to residents. We partner with four different care providers, each of whom focuses on a different target group. This way, we can provide high-quality care to people of any income level. We select tenants who have the potential to scale up our concepts to a minimum of five locations. The standardised nature of our projects allows for scale, while delivering affordable, high-quality care to a large target group. Amvest rents these properties to the care operator.

Additional investment opportunities

In addition to Assisted Living and nursing home real estate, the AL&CF has identified various other opportunities for investment. Short-stay, disabled care, and primary care facilities, embedded in mixed-use buildings or as part of area development projects, may enhance our service offering and the AL&CF portfolio.

2. Building a sustainable real estate portfolio

Sustainability is an integral part of the AL&CF strategy. We are committed to building a future-proof portfolio by reducing our carbon emissions. Specifically, we aim to meet the Paris climate target of reducing carbon emissions by 50% by 2030 and limiting the global temperature rise to 1.5°C, as baseline year 2019 was used.

The AL&CF requires new buildings to feature gas-free heating systems, solar panels, and smart meters to monitor energy consumption. We strive to get full insight into the energy consumption of properties in our portfolio. These insights inform our roadmap to Paris proof. Using the CRREM (Carbon Real Estate Risk Monitor) framework, we plan and budget sustainability improvements of our properties that exceed the 2030 CRREM target of 16.6 CO₂/m²/year.

In 2023 we will conduct further research to set ambitious goals for the CO₂reduction.

3. Investment focus on stable returns with a long-term horizon

The AL&CF aims to consistently invest in healthcare real estate to help solve the shortage of care homes and homes for the ageing population. To ensure that our investments match the risk profile of our institutional investors, we maintain a long-term horizon. We focus on delivering attractive and stable direct returns. We prioritise ongoing investments in the sector and long-term value creation for our investors over the opportunities presented by short-term fluctuations in the market.

Our long-term focus goes beyond realising stable returns for our investors. At Amvest, we care about making a positive contribution to society and to the environment. We invest in high-quality living environments and carefully select healthcare partners to provide the best possible healthcare services. Our facilities consistently receive high marks on Zorgkaart Nederland, which ranks healthcare facilities based on scores provided by residents and their families. As the AL&CF grows, more people get access to the best living situation and level of care for their individual circumstances.

To contribute to a healthy planet, the AL&CF applies strict environmental standards to new construction projects and actively explores opportunities to improve the energy efficiency of its facilities. By taking responsibility for our contributions to society and to our environment, we aim to realise a healthy future for generations to come.