McDermott Advises Action Logement On The Creation Of Enéal, A Real Estate Company Dedicated To Housing For The Elderly, With €350 Million Equity
McDermott Will & Emery advised Action Logement (formerly 1% Housing) on the creation of Enéal, a real estate company dedicated to the acquisition and rehabilitation of housing facilities for dependent elderly persons (EHPAD) and of independent residences, with the goal of “offering a new quality housing offering to retirees with modest incomes”.
With €350 million in equity capital, Enéal aims at acquiring 150 medico-social facilities over the next three years. The creation of this real estate company is one of the measures provided for in the €9 billion Voluntary Investment Plan adopted jointly by Action Logement and the French Republic.
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