PECURIA equips escrow account for rent default security with 1 million euros in cash

Hanover, June 18, 2024: PECURIA, a specialist in the sale of sustainable care apartments, has created the conditions for the special rental security of its care apartment purchasers following the start of business operations and just in time for the conclusion of the first purchase agreements. The rental escrow account was endowed with one million euros in cash by the company's shareholders. The term is at least 15 years, and a tax consultancy was appointed as trustee.

"The purchasers of our care apartments benefit from a rental security that is unique on the market," emphasises Edwin Thiemann, Managing Director of PECURIA, and explains: "If an operator can no longer pay its rent due to insolvency, we step in and continue the rental payments to the owners of the apartments from the escrow account until a new operator is found for the location and the rents are paid regularly again. Precisely because we examine the locations and operators very carefully before we put a project on the market, we believe in their stability even in the current challenging times and are jointly committed to this as shareholders of PEURIA."

Pascal Kleine, Managing Director of PECURIA, adds: "Our unique solution against loss of rent is secured to the purchasers of our care apartments by means of a certificate. This can of course also be transferred to a new owner if the unit is sold on. We also guarantee our purchasers priority occupancy rights in over 150 senior residences throughout Germany. These include more than 12,000 care places and over 1,000 assisted living units, so that our purchasers can choose a place to live that suits them best. The special thing about this is that this right can also be transferred to a relative. The certificate holder thus secures himself or a family member priority consideration for the allocation of care places in the partner residence of his choice."

Innovative product concept - PECURIA advantages for more investor security thanks to rental security and priority occupancy for sustainably designed new-build properties

Security of income in challenging times

We are aware of the strength of our locations because we examine them intensively. That is why we believe in their stability even in challenging times and demonstrate this with a rent loss scurity that is unique in the market and into which all PECURIA shareholders have paid. In the event of insolvency-related rent defaults, all purchasers automatically benefit from greater security for their investment. In such a case, our rental escrow account takes over the rental payment to the owner as a bridge until a follow-up lease agreement is concluded.

Care space thanks to priority occupancy

Our purchasers choose the place that suits their lives from well over 150 senior residences with more than 12,000 care places and over 1,000 assisted living units in Germany. This is because we give every purchaser of a PECURIA apartment a unique pre-occupancy right by certificate. This applies exclusively to them and their close relatives in accordance with §15 AO and enables priority consideration for the allocation of care places in one of our partner residences.

High-quality new-build standard

The properties we offer are as good as new or newly built and meet at least the modern KfW 40 standard. They comply with current building regulations and have long-term rental contracts with the operators of around 20 years or more. Vacancies are therefore not to be feared and the maintenance costs and modernisation costs for new buildings are of course negligible. The building facilities of all PECURIA properties are very modern. Each residence is designed like a hotel and has an attractive reception area as well as a restaurant with fresh cuisine and a sun terrace. Depending on the location, residents also have access to hairdressing and pedicure services, an in-house laundry for residents' laundry, care baths, therapy rooms, smoking lounges, fireside lounges and a library.

Sustainable with tax and subsidy benefits

The properties offered by PECURIA are extremely energy-efficient and meet high KfW standards. Projects that are still under construction sometimes strive for certification in accordance with the strict sustainability standards of the German Sustainable Building Council (DGNB). In the case of properties still under construction, this provides the purchaser with attractive financing advantages in some cases by passing on the state subsidy for new construction from the KfW sustainability programs. Thanks to the new declining balance depreciation options (AfA) of five percent, our purchasers also benefit from high depreciation amounts and tax refunds. Purchasers can obtain further details as part of our financing advice. Incidentally, thanks to their sustainable construction, all of our properties meet the requirements of the German government's Climate Protection Plan 2050, which, as far as we know today, rules out additional investments in the energy sustainability of the properties.

PECURIA GmbH
Luisenstraße 4
30159 Hanover
Germany

https://www.pecuria.de

Mr Christoph Wilhelm
Spokesman
0171 56 86 575

presse@pecuria.de

PECURIA GmbH is a specialist in the sale of sustainable care apartments and started its business operations at the beginning of 2024. The innovative sales platform for senior real estate consists of a 13-strong team based in Hanover, which combines more than 30 years of experience in the design, construction and sale of senior real estate via various channels.

Fucusing on "Green Care Invest", PECURIA offers investors a sustainable investment solution in two respects: only KfW40 new-build properties or projects already under construction to KfW40 standard - some with the aim of DGNB Silver certification - are offered, which comply with the German government's Climate Protection Plan 2050. These properties will therefore not become environmentally stranded, they still have long-term operating contracts and an initially low risk profile with regard to follow-up investments. Each buyer is also guaranteed sustainable personal security and added value: A specially established rental security stands for income security and priority occupancy for the purchaser and their family environment guarantees preferential access to over 12,000 care places and more than 1,000 units for assisted living in partner residences in Germany.

PECURIA currently sells high-quality care apartments in Extertal (NRW), with further locations in western and northern Germany to follow. The expected net initial yield for investors is currently around four percent.

This release was published on openPR.