Apollo Healthcare Property Fund

ABOUT

The Apollo Healthcare Property Fund responds to the growing and changing demand for healthcare real estate. The fund invests in high quality, sustainable and affordable senior housing and healthcare facilities that benefit the well-being of residents and healthcare providers. Institutional investors in the fund benefit from stable cashflows and low correlated, inflation-linked income returns in combination with a significant social impact.

Hartelt Fund Management is the manager of the Fund. Hartelt was founded in 2013 and is regulated as an AIFM by the Dutch Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).

MARKET

In 2050 the world has more than two billion people with an age of over 65 years. That is more than 20% of the population, while that percentage was only 10% in the 1990s. The cause lies in declining birth rates and the fact that life expectancy increases. The consequences are currently visible in the Western world due to retirement of the baby boom generation.

The effects of aging of the population is an important demographic development, which influences the investment policy of many institutional investors.

The major trends in the Dutch healthcare market are:

People want to live at home for as long as possible
This development responds to the desire for more self-direction and to live independently for as long as possible.
Specialisation of care and well-being in the neighbourhood
Diagnosis and treatment in neighbourhood responds to the need to keep healthcare accessible, efficient and affordable in the Netherlands.
Preference for small-scale care
Intensive care in a residential setting, when living at home is no longer an option, with focus on developments in the labour market.
Strongly outdated supply
Current supply of care real estate is severely outdated: 50% of all care real estate dates from before 1980. Need for replacement and improved sustainability.

STRATEGY

The Fund identifies, develops and manages investments in healthcare real estate objects that meet its financial and social objectives.

The Fund invests in solely in The Netherlands in municipalities with an increasing demand for senior housing and facilities.

The Fund has specific impact objectives that are periodically measured and reported through a unique online impact dashboard. Investors have access to the secure online impact dashboard, on order to follow the realized impact. Please contact us for a demo account of this innovative impact dashboard.

The Fund focuses on three segments of the Dutch healthcare real estate market and exists of three subfunds for:

ASSISTED LIVING

Offers housing to elderly people, with a need for care, who want to live independently. A combination of care, services and well-being is provided in these properties.

NURSING HOMES

Nursing complexes focus on housing people with intensive care needs. This includes people with severe psychogeriatric (including Alzheimer’s) and/or somatic conditions.

CARE AND TREATMENT CENTRES

Care centers accommodate a wide range of primary care providers, including general practitioners, physical therapy and pharmacies, among others.

120%

Increase of people over 70 years old

+28

Daily increase of people with dementia

+500

Increase in need for centers

PORTFOLIO

In the 2^nd quarter of 2023, the Fund has invested in 27 properties with a total investment value of ± € 230 million. The portfolio offers a combination of new developments and standing investment. Below a property for each investment segment of the Fund is shown.

= Portfolio highlight

Assisted Living

Care & Treatment Centres