Ageing, as a consequence of the greater longevity of the population, is a megatrend which presents investment opportunities in 3 areas:
- Accommodation needs for elderly in senior housing or other living solutions,
- Health facilities specialized in rehab processes.
- Different instruments to allow the elderly to monetize the value of their real estate assets.
Based on this trend, the Azora Group identified an investment opportunity in the nursing home sector.
Adriano Care SOCIMI, S.A. (Adriano) is a Spanish SOCIMI, managed by Azora Capital, S.L., with capital mainly from third parties and whose main objective is to create a real estate portfolio of assets in the nursing home segment, in order to maximize shareholders' returns through active management of the acquired assets. The company benefits from the Sociedad Anónima Cotizada de Inversión Inmobiliaria (SOCIMI) tax regime and, as such, was listed on the Madrid Alternative Stock Market (BME Growth), on the 25th May 2021.
Adriano intends to consolidate, through its investments and Azora Capital’s management, a portfolio of real estate assets in the senior living segment. Among the assets to be acquired, the Company includes geriatric residences, homes adapted for the elderly and other senior care centers.
When analyzing investments, Adriano focuses on those assets whose location and quality have the greatest potential to create value for its shareholders through active management of the acquired assets. Adriano’s objective is to generate profitability by taking advantage of investment opportunities that may arise in the Spanish real estate market, creating a portfolio of high-quality assets capable of generating not only recurring income but, if necessary, capital gains as a consequence of future divestments.