Stay updated with INTERNOS news and views

Press Releases 2018

INTERNOS launches second healthcare property fund


Frankfurt am Main, 20 February 2018 – INTERNOS Spezialfondsgesellschaft mbH (INTERNOS), has today announced the launch of Care Invest II, its second open-end real estate special AIF focussing on healthcare property.

Care Invest II will invest in a balanced, regionally diversified portfolio of healthcare properties, with stable long-term value. The fund will focus on German nursing homes, outpatient care, sheltered housing facilities and rehabilitation clinics treating patients in psychiatry, gerontology and oncology.

The fund will invest in care homes and assisted housing properties in lot sizes between 7 to 20 million Euros and rehabilitation clinics and medical centres between 10 and 30 million Euros. Up to 60% to 75% will be invested in care properties and assisted housing. The planned acquisition period is three years.

The fund will have a total investment volume of approximately 300 million Euros, of which up to 150 million Euros will be equity. Care Invest II aims to achieve a distribution yield of up to 6% over a 10-year average.

Paul H. Muno MRICS, Partner and Head of Capital Relations & Germany at INTERNOS: “Positive yield expectations, which are higher than those on traditional office or retail investments, and the current strong financing conditions are what make this investment strategy particularly attractive. INTERNOS already has a history of healthcare property expertise and is firmly established in the healthcare property market. We currently have a property pipeline of around 60 million Euro.”

Company contact for further information:

Paul H. Muno
INTERNOS Spezialfondsgesellschaft mbH

T +49 69 50 50 66 9 30

Press contact for further information:

Jochen Goetzelmann
Targa Communications GmbH

Tel: +49 69 153 24 21-0

Notes to Editors:

INTERNOS Global Investors (
INTERNOS Global Investors is a pan-European fund and asset management platform, specialising in real estate. The company develops strategic investment and management solutions for institutional investors in all property asset classes across Europe. Principal Global Investors (PGI), which leads global asset management at Principal®, and INTERNOS Global Investors announced in November 2017 that PGI will acquire INTERNOS, with completion subject to regulatory approvals. As part of PGI’s multi-boutique operating model, INTERNOS will retain its investment and management independence, while gaining access to the resources and scale of a major financial institution. Principal is one of the largest investment managers in the world with $655.5 billion* in assets under management, of which $74.9 billion** is invested in real estate through either debt or equity (

* As at September 30, 2017
**As at September 30, 2017

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.