Japara looking to raise more funds to invest in aged care

The Japara Aged Care Property Trust, owner of 28 care facilities in SA, VIC and TAS, is raising capital to buy more aged care facilities and fund brownfield and new developments. The trust currently has $250M under management. Its CEO Andrew Sudholz is being advised by NAB Property and Investec on how much more he can raise. Over the past two years Japara has been mentioned as a seller to the US-based private equity firm Blackstone with a valuation $400M. Rumour has been the two could not agree over the last $25M. With the rebound in an aged care interest Japara is now a buyer rather than a seller.