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Kuwait Plans $600M US Health Care Investment

KUWAIT CITY-The Kuwait Finance House, with total assets of $37 billion, has partnered again with London-based Grosvenor on buying senior and medical properties in the United States.

By Robert Carr | Updated on October 06, 2011

KUWAIT CITY-Kuwait Finance House has partnered with London-based Grosvenor Fund Management to invest up to $600 million in purchasing health care real estate in the United States. The partnership will focus on the US coasts, but will consider properties throughout the country.

Over the next seven years, the partnership will target the acquisition and development of private-pay senior living facilities and medical office buildings in the United States. Investments will be made through the formation of equity joint ventures with local and regional operating and development partners. Grosvenor Investment Management, based in Philadelphia, will oversee all investment activities, including sourcing, underwriting, structuring, financing, closing, asset managing, and exiting the partnership’s investments.

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