Global alternative investment manager AXA IM Alts has officially forayed into the Japanese care home market following its acquisition of a portfolio of 15 nursing homes in the country for €156 million (about $163 million).
In a statement, AXA IM Alts said the transaction, which is its first in the sector in Japan, involves over 800 beds across 15 assets in Tokyo, Osaka, and Aichi, three of the country’s four largest cities. Fourteen of the assets have been constructed after 2013.
