Pecuria, a specialist in the individual sale of sustainable care apartments, has successfully sold the 80 modern care apartments at the Mittelstraße 84 location in 32699 Extertal (North Rhine-Westphalia) to private investors. The property, which was completed in 2020, was taken over for sales from the portfolio of Cureus, a specialized project developer with its own innovative system approach for the planning, construction and management of inpatient care properties. The senior citizens’ residence, which was completed in 2020, is leased to compassio for around 20 years and was built according to the KfW 40 standard. The purchase prices ranged from 199,340 euros to 209,860 euros with unit sizes between 47.78 and 50.30 square meters.
“The range of buyers was broad. It comes from the neighbourhood, but also from other parts of Germany and ranges from young first-time investors in this segment to experienced regular customers and also multiple buyers who already appreciate the advantages of Pecuria properties,” explains Pascal Kleine, Managing Director of Pecuria. He adds: “We can currently offer interested buyers care and serviced residential apartments at the Osterholz-Scharmbeck locations in the immediate vicinity of Bremen and in Kassel, here even with advantages from favorable KfW funds and monument depreciation.”
The purchase of a nursing home is similar to the purchase of a condominium, except that there is no claim to later use by the buyer. However, this is offset by the priority right of occupancy at over 160 care locations in Germany, which is integrated into the Pecuria offer. Care apartments also have a variety of advantages over the classic condominium: The rental income can be planned and secured over many years through long-term general leases with solvent operating partners. If an operator does become insolvent, Pecuria’s rent trust account steps in and continues to pay the owner the rents until a follow-up lease agreement is reached. There is also no administrative effort for the individual owner of nursing apartments, as the intermediate administration takes over the coordination with the operator. This in turn is responsible for the rental of the individual apartments, which means that the monthly rental income is secured regardless of the actual occupancy of the apartment. Expenses for new lettings, minor repairs or renovations usually do not affect the investor either, due to correspondingly structured lease agreements with the operator.
Innovative product concept – Pecuria advantages for more investor security
Care place thanks to occupancy priority
Buyers of Pecuria apartments choose the place that fits their lives from over 160 senior citizens’ facilities with more than 13,100 care places and over 1,100 units for serviced living in Germany. This is because every purchaser of a Pecuria apartment is entitled to a unique right of pre-occupancy by certificate. It applies exclusively to him and his close relatives according to §15 AO and enables priority consideration in the allocation of nursing places in one of the partner residences.
Yield security in challenging times
Pecuria knows about the strength of its sites, because they are intensively examined. Therefore, the team believes in its stability even in challenging times and proves this with a security against loss of rent that is unique in the market, into which all Pecuria shareholders have paid. If there are any rent losses due to insolvency, all buyers automatically benefit from more security for their investment. In such a case, a rental trust account takes over the rent payment to the owner as a bridge until a follow-up lease agreement.
High quality of location confirmed by technically, economically and socially independent
Pecuria offers its customers maximum transparency with regard to the technical quality of the sales locations as well as with regard to their economic and social viability. Site-specific analyses and assessments by TÜV SÜD and SozialGestaltung provide apartment buyers with extensive detailed information from independent experts on the respective investment property and thus provide a sound basis for decision-making for an attractive investment.
High-quality construction standard – externally confirmed by TÜV SÜD
The properties offered by Pecuria are newly built or newly built and meet at least the modern KfW40 standard. They comply with the current building regulations and are checked accordingly by independent experts from TÜV SÜD. In addition, they still have long-term leases with the operators of around 20 years and more, so there is no need to fear vacancy. Maintenance costs and modernization costs are also negligible in new buildings. The building equipment of all Pecuria properties is very modern. Each residence has a hotel-like design and, in addition to an attractive reception area, also has a restaurant with fresh cuisine and a sun terrace. Depending on the location, residents can also enjoy hairdressing and pedicure services, an in-house laundry for residents’ laundry, nursing baths, therapy rooms, smoking lounges, fireplace rooms or even a library.
Sustainable with tax and subsidy advantages
Pecuria properties are extremely energy-efficient and meet high KfW standards. Projects still under construction are sometimes striving for certification according to the strict sustainability standards of the German Sustainable Building Council (DGNB). In the case of properties still under construction, this provides the buyer with attractive financing advantages in some cases through the passing on of state subsidies for new construction from the KfW sustainability programmes. Thanks to the new degressive depreciation options (AfA) of five percent, buyers here also benefit from high depreciation amounts and tax returns. Buyers will receive further details as part of the financing consultation.
By the way: Thanks to their sustainable construction, all Pecuria real estate offers already meet the requirements of the Federal Government’s Climate Action Plan 2050, which excludes additional investments in the energy sustainability of the properties according to current knowledge.
