Chicago-based Ziegler Companies has announced the close of Ziegler Healthcare Real Estate Fund IV with USD5.6m raised from 87 investors. Like Ziegler's previous health care real estate funds, Fund IV will seek an above-average return on capital by investing nationwide in the ownership and development of a variety of health care-related real estate, including medical office buildings, diagnostic systems, ambulatory surgery centres, dialysis centres, outpatient clinics and specialty hospitals.

'During this time of turmoil in the financial markets, investments in health care real estate remain more stable,' says John Sweet, managing director of Ziegler's health care real estate funds. 'We are pleased to offer our investors this opportunity to preserve and grow their wealth.'

The Ziegler Healthcare Real Estate Fund investment strategy is to create a portfolio of existing medical properties and to-be-developed facilities by identifying medical buildings that are in or near market-dominant hospitals or in established areas of concentrated outpatient care. It also strives to co-invest with physician-tenants as minority owners with the fund.

The funds also seek to partner with experienced medical real estate developers to invest in new buildings and to maintain a reputation with sellers/agents as a preferred buyer. The current portfolio of Ziegler Healthcare Real Estate Funds I to III consists of 21 properties in 12 US states, with a combined value of USD164 and an area of some 690,000 square feet.

The Ziegler Companies are a growth-oriented boutique investment banking and investment services group with a primary focus in the health care, senior living and church and school sectors. Operations encompass capital markets services, including capital advisory, bond underwriting, mortgage banking, institutional sales and trading, and wealth management, including asset management and investment services.

The Ziegler Wealth Management retail brokerage business encompasses investment and consulting services for US individuals, families, business owners and institutions nationwide. The group's alternative investment activities include raising and deploying capital through private investment funds with investment objectives related to the real estate, services and technology sectors of the health care and senior living industries.

Ziegler Capital Management sponsors the North Track family of mutual funds and provides separate account management for individuals, corporations, foundations and endowments. Total group assets under management stood at some USD3bn at the end of September.

       

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