Hines, the international real estate firm, and Sentio Investments ("Sentio"), announced today the creation of a new partnership aimed at assembling an exceptional investment portfolio specializing in senior living and other health care real estate assets. This partnership will bring together the real estate and capital markets expertise of Hines and the health care real estate acquisition and asset management expertise of Sentio. Hines and Sentio have historically invested alongside both institutional and individual investors to achieve attractive risk-adjusted returns across all real estate asset classes, including Sentio’s most recent sale of their public non-traded REIT, Sentio Healthcare Properties, Inc. in 2017.
Hines and Sentio believe the long-term fundamentals for health care real estate are very favorable. The U.S. Census Bureau expects the population growth of individuals aged 80 years old and older to accelerate in the near term; with significant growth through the year 2050. This demand, coupled with the aging of existing senior living inventory, presents an opportunity to invest in high-quality senior living and health care real estate. The Hines-Sentio partnership’s unique experience navigating operational and real estate complexities will allow investors to capitalize on this opportunity.
“We feel the macroeconomic and demographic trends provide a compelling opportunity to invest in health care assets,” said Sherri Schugart, CEO of the Core Fund, REIT & BDC Group of Hines. “We are excited to join forces with one of the proven leaders in the senior living and health care sector and look forward to partnering with and leveraging the expertise of the Sentio team for the benefit of our investors.”
“This partnership with Hines allows us to actively pursue a wide range of investment opportunities with our industry relationships. Hines’ 60+ year history of superior real estate development and investing results is exceeded only by the quality of people in the organization. It is an honor to create this platform with the Hines team,” said John Mark Ramsey, CEO and founder of Sentio Investments.
Robert A. Stanger & Co., Inc., assisted with the Hines-Sentio partnership formation.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 24 countries. Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. The firm has 108 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,295 properties, totaling over 422 million square feet. The firm’s current property and asset management portfolio includes 506 properties, representing over 210 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
About Sentio Investments
Sentio Investments focuses on impact investments exclusively in health care real estate, with an emphasis on private pay senior living, medical office and post-acute properties. Sentio Investments, based in Orlando, Florida, provides investors with turn-key solutions for deploying capital into the health care real estate sector through an integrated approach to deal origination, asset management and accounting. The boutique firm, led by industry veterans, has over $5 billion in experience operating, acquiring, and developing health care real estate across the country over the past 20 years.