HomeCo looking to raise capital for new health and wellness fund including aged care: Fin Review

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Managing Director and Aurrum Aged Care Chairman David di Pilla has taken another step towards creating his new ‘HealthCo’ REIT.

The Fin Review’s Street Talk section is reporting that the property investment management company has lined up Macquarie Capital to help raise capital from institutional investors for an ASX-listed real estate investment trust and private wholesale investment fund, along with Morgan Stanley and Morgans, and is looking towards a raising later this year.

As we reported here, Home Consortium already raised $125 million in early December 2020 to fund the purchase of six health, education and government services properties.

Sources say the group was considering a $500 million funding round, but this could be larger based on feedback from potential investors and other activity in the market.

HomeCo is expected to target properties in the aged care sector as well as childcare, hospitals, primary care, Government and life sciences.

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