Management team foreword

We measure success by our financial results, our operational performance and most importantly by our ability to improve access to high-quality housing and care.

Market developments

Since the end of the Covid-19 pandemic in late 2021 and the start of the war in Ukraine in early 2022, the inflation rate has increased significantly, exceeding 10.0% in the second half of 2022.

Fund strategy

The aim of the Fund is to respond to the demand for high-quality care homes suitable for people with heavy and light care needs.

Fund and portfolio results 2023

In 2023, the AL&C Fund delivered 10 locations for a total of 200 units. The portfolio size grew to a total of 95 locations, comprising of 1,938 care homes.

Structure and governance

The AL&C Fund is structured as a closed-end fiscally transparent fund for joint account (FGR) with the Launching Investors AEGON and PfZW as the only two Investors.

Risk management

The strategy of the Amvest organisation focuses on two key activities:

Compliance

The corporate Compliance Program forms the basis for all relevant compliance-related themes. It consists of a Compliance Charter, an annual Compliance Plan, and a Compliance Manual containing all policies and procedures.

Outlook

The higher risks associated with the real estate market was underlined by the continued yield decompression throughout 2023.