Elder-Portfolio, France: Steinberg Real Estate + Finance advises Real I.S. “Modern Living” fund on financing of three senior residences in suburbs of Paris and Dives-sur-Mer

Kriftel, 20.12.2021. The real estate consulting firm Steinberg Real Estate + Finance advised the real estate special AIF “Modern Living” of the Munich-based investment manager Real I.S. AG on the closing of the financing with a French bank for the acquisition of several senior residences.

Excerpt from the press release of Real I.S. AG:

“The properties are located in sought-after residential areas close to the respective city centres. The residents benefit from a wide range of shopping and leisure facilities as well as good public transport connections. Two of the three residences are located in the west and northwest of Paris, respectively, and the third in Dives-sur-Mer in Normandy.

The residence “Les Rives de Bagatelles” in Suresnes, a Parisian suburb, is located on Rue Diderot and offers a total rental area of approximately 6,000 square metres divided over eight floors. These are used as living space as well as for communal areas. In addition, 80 parking spaces are available. The property was converted from an office property to a senior residence, with completion in 2021. The second property, the “L’Eclat du Lac” senior residence, is located on Rue de Temple in Enghien-les-Bains, a suburb of Paris. It has a total rental area (incl. common areas) of approximately 3,600 square metres spread over six floors. In addition, ten parking spaces are available. The third residence called “Les Safrans” is located on Avenue Jean Isabelle in the Norman coastal town of Dives-sur-Mer and offers approximately 6,600 square metres of total rental space.”

Link to the press release of Real I.S. AG: Link

About Steinberg Real Estate + Finance

Steinberg Real Estate Management GmbH is a consulting and investment company founded in 2017 and based in Kriftel near Frankfurt am Main. Steinberg Real Estate + Finance focuses on the marketing and restructuring of complex real estate and real estate financing throughout Germany. In addition, Steinberg Real Estate + Finance is itself active as an investor in the field of distressed real estate and real estate loans and insolvency claims. The shareholders of Steinberg Real Estate + Finance are the two managing partners Antje Mertig and Michael Schäff. www.steinberg.management

Press contact

Steinberg Real Estate Management GmbH, Taunusstraße 52, 65830 Kriftel
E-Mail: info@steinberg.management, Tel. +49 (0) 6192 973 3544

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