“Am Rathausplatz” nursing home, Ruhpolding
Closed Real Estate Fund 123 • Private placement • Long-term investment
with a tax-based retention period of 10 years
Senior citizen residential complex operated by Ruhpolding Dirk Iserlohe KG
"We´re building today what Germany will need tomorrow*: residences for senior citizens and comfortable nursing care facilities."
(Dirk Iserlohe)
Nestling in Bavaria's Chiemgau Alps, the town of Ruhpolding is a health resort and holiday destination that has long been highly popular with senior citizens. The perfect place to build a centrally located senior citizen residential complex with the full range of amenities.
Location: | Rathausplatz 7, 83324 Ruhpolding | ||||
Property details: | New build: A modern, state-of-the-art senior citizen residential complex with 129 nursing care beds (large proportion of single rooms), catering for all levels of nursing care. | ||||
Tenant: | SenVital GmbH, Cologne | ||||
Lease agreement: | The fixed lease agreed upon amounts to EUR 877,000. | ||||
Investment volume / equity capital: |
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Minimum investment: | EUR 200,000 plus premium (private placement) | ||||
Distributions: | During the initial years, the forecast distribution of 5.25% per annum will be tax-free to the investor due to the offsetting of advertising costs. During the investment phase, the equity yield rate will amount to 6.0% per annum. | ||||
Borrowed capital: | Borrowed capital to the amount of EUR 7 million was agreed upon in the loan agreement of 6 July 2011. | ||||
Amortisation: | Amortisation is calculated at a rate of 2.7% per annum (unchanging every year EUR 187,850). Amortisation shall begin on 1 January 2012. |
The opportunities offered by the investment
- Borrowed capital entirely in EUR
- Long-term lease agreement with SenVital GmbH, Cologne, a company of high-quality
standards - Planned distributions of 5.25% per annum of limited partner's share
- Fast increase in the value of the investment due to high amortisation rate (2.7% per
annum based on the loan or 2.8% per annum based on the limited liability capital) - 6.0% per annum interest yield on the equity capital paid during the investment phase
* Over the next 15 years, Germany will require in-patient care facilities for an additional 330,000 to 413,000 senior citizens. This represents a 50% increase over those currently existing (roughly 700,000 in-patient nursing care beds). In addition, facilities currently serving some 250,000 to 300,000 nursing care recipients are in need of refurbishment and/or modernisation.
Interview on the topic of senior citizen residences
A view from above
VIP-Party
Topping-out ceremony on 26 October 2010:
Legal notice
This constitutes simplified, non-binding and briefly outlined information which does not claim to be exhaustive. Furthermore, it does not constitute an offer to take over an investment. Only the valid sales brochure, where you will find all economic, fiscal and legal details, is binding. For more information, please use the contact form or get in touch with your contact person:
Joachim Buhr
E&P Real Estate GmbH & Co. KG
Aachener Str. 1053-1055 • 50858 Cologne • Germany
Phone: +49 221 48901-84
Fax: +49 221 48901-57
E-mail: jbuhr(at)ebertz.de
