ACRON issues a bond with 6% coupon related to its third U.S. senior housing project, minimum investment amount USD 150,000
Zurich, Juli 14, 2020 Real estate investment specialist ACRON is issuing a bond via its Luxembourg securitization platform ACRON Securitization S.à r.l. to finance its third project in its investment series "U.S. Senior Living".
The subordinated bond with a maximum term of 7 years is aimed at wealthy individuals in Switzerland and the European Union who can invest at least USD 150,000 and have a medium-term investment horizon. The interest rate is 6% p.a. fix. The bond will be repaid after the sale of the completed property, probably after 3 to 4 years. Due to the 7-year term, however, it is possible to react flexibly to market conditions. In addition to the equity capital provided by qualified investors, the proceeds from the ACRON Sun City Senior Living Bonds will be used to finance the construction of the new senior citizen property “The Hacienda at Georgetown” near Austin, Texas.
The total investment for this new development is USD 85,600,000, of which USD 24,500,000 will be offered to investors. The bond has a maximum issue volume of USD 12,250,000.
Investors can subscribe to the ACRON Sun City Senior Living Bond at any bank, quoting ISIN XS2193748444 (Valor no.: 55852068, WKN: A28ZQT). The processing of the subscription and the depositing of the bonds to the investors' securities accounts is a straightforward process between the bank and ACRON. Allocation will take place on August 31, 2020
The planned complex, situated across from the famous Del Webb Sun City community, aims to attract a target group of seniors who wish to maintain their living standard in their golden years and have the financial resources to do so. At 125, the number of independent living units (not offering direct assistance or care) therefore considerably exceeds the number of assisted living units (81) and memory care units (24). There are already around 160 requests from future residents. Construction start is planned for the second half of 2020.
The two previous ACRON Senior Living projects are developing as planned. "ACRON Villages of Windcrest" in Texas has been operational since the beginning of last year and "ACRON Oklahoma University" has been under construction since April 2020 and is fully on budget and schedule.
ACRON’s clients come from across the globe. Investors include long-standing clients as well as clients who accept the invitation to invest upon recommendation. Besides, many new clients find their way to ACRON through banks, law firms, and tax advisors.
ACRON at a glance
Founded in 1981, the ACRON Group specializes in real estate investments. All of ACRON’s real estate projects are based on a single-asset structure and are sold in Switzerland, Austria, Germany, and the United States. The company’s transaction volume amounted to some CHF 2 billion in July 2020. ACRON’s clients are individual private investors, charities, institutional investors and families from around the world. The ACRON Group’s headquarters are located in Zurich (Switzerland) and Dallas (USA) with subsidiaries in Luxembourg; Düsseldorf (Germany); and Sâo Paulo (Brazil). www.acron.de, www.acron.ch
Peer Bender, ACRON AG, Zurich
+41 (0)44 – 204 34 00