Core European Series (ICE)

Care Invest II

The INTERNOS CARE INVEST II fund will invest in a diversified real estate portfolio of specialist healthcare assets throughout Germany.

Care Invest II is a balanced, regionally diversified health property fund with long-term value stability.

The strategic focus is on health care, assisted living and other specialist health-related asset types, including rehabilitation clinics, psychology units, outpatient healthcare properties including gerontology and oncology, and medical care centres.

The size classes of the properties range between €7 – €20 million for real estate health care and assisted housing, and between €10 – €30 million for rehabilitation clinics and medical care centers. 60 – 75 % of the weighting is to be invested in real estate health care and residential properties.

The yield spread in comparison to other sectors, as well as the currently outstanding financing terms available, make the strategy of this fund particularly attractive. In the real estate health care sector, INTERNOS is already present and firmly anchored with long-term expertise. Our market presence and experience enable us to make targeted selections in the specialist health care sector.


  • Core / Core+ 80%
  • Value-added 20%
  • Opportunistic 0%

INTERNOS Spezialfondsgesellschaft mbH


Real Estate AIF according to KAGB for institutional investors


Sector fund with the focus on real estate health care in Germany




Core / Core + / value-added


Launch in 2018 with an indefinite term


€150 million


Up to €300 million


Max: 50%


€10 – €25 million


6 % cash flow yield p.a. (10-year average), 6 % IRR


1.2 %


Mathias Staudt - Fund Manager - Biography and contact details

Mathias Staudt

Fund Manager

As Head of the Care Invest I Fund, Mathias Staudt is responsible for the fund management of the vehicle as well as for transactions, asset management and external fundraising. Prior to Internos, Mathias worked at OPC, a specialist healthcare advisor for care homes, rehabilitation clinics and hospitals. At OPC, Mathias worked as a consultant advising one of Germany’s largest care home funds with 46 properties and a portfolio volume of €460m – in parallel he acted as interim manager to two rehabilitation clinics and a care home in the ownership of international and national institutional clients.
Mathias studied law at Bonn University. Post University he commenced legal clerkship at the court of Bonn with secondments to the tax office in Leverkusen, financial court in Cologne and a law firm in Verona, Italy. Following clerkship, Mathias joined a specialist healthcare investor in Dusseldorf.

Phone: +49 (0) 69 50 50 66 90


INTERNOS Spezialfondsgesellschaft mbH
Phone: +49 (0) 69 50 50 66 90 Fax : +49 (0) 69 50 50 66 929

This website is only directed at you to the extent that it is lawful to do so in any jurisdiction. Similarly, interests in any fund managed by Internos Global Investors Limited (Internos Global Investors) or any of its affiliates will only be available for investment by you to the extent lawful in any jurisdiction. Accordingly, visitors to this website should inform themselves about, and observe, local laws in their own jurisdiction which may restrict their ability to engage the services of Internos Global Investors or any of its affiliates, or to invest in any fund managed by Internos Global Investors or any of its affiliates.

In particular, this website is intended only for, and is directed only at, persons who both (i) are capable of being treated by Internos Global Investors as professional clients or eligible counterparties, as each term is defined in the rules of the FCA, and (ii) fall within exemptions from section 21 (or, in relation to communications by Internos Global Investors concerning collective investment schemes, section 238) of FSMA on the basis that they fall (a) within Article 19 of the FSMA (Financial Promotion) Order 2005 (FPO) or Article 14 FSMA 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (CIS Order), being investment professionals having experience in relation to investments including unregulated funds, (b) within Article 49 FPO or Article 22 CIS Order, being certain high net worth companies, trusts and unincorporated associations etc., or (c) within any other classes of person in or outside the UK to whom this website and its contents may otherwise lawfully be communicated (collectively, Eligible Persons). This website is not directed at or intended for U.S. persons.

Persons who are not Eligible Persons including those individuals or other persons who fall within the FCA’s definition of “retail clients” should not use or rely upon this website and may not engage the services of Internos Global Investors or any of its affiliates, or invest in any fund managed by Internos Global Investors or any of its affiliates.

Potential investors are advised that all or most of the protections provided by the UK regulatory system will not apply and that the UK Financial Services Compensation Scheme may not be available in relation to an investment in a fund or separate account if not managed by Internos Global Investors.

Before accessing this website please confirm you have understood and agree to the above and that you understand yourself to be, or be representing, an Eligible Person.