Baar-Zug, 7 February 2011
Partners Groupinvests in senior housing assets in Canada on behalf of its clients
Partners Group, the global private markets investment manager, continues to identify a significant number of attractive private real estate investment opportunities. Partners Group invested second lien mezzanine mortgage capital in a portfolio of senior housing assets located across Canada on behalf of its clients.
Partners Group committed to provide a mezzanine investment of CAD 12 million for the construction of two senior housing facilities in the Canadian provinces Alberta and Saskatchewan. This proprietary transaction was sourced through a long-standing business relationship and is expected to generate attractive returns through interest on the mezzanine investment as well as through an equity participation. Furthermore, Partners Group enjoys the benefits of registered security against the collateral, which provides downside protection.