Pension fund now set to invest in new senior rental housing
LOS ANGELES: A superannuation fund is now set to invest in a proposed seniors rental housing community.
Pension fund ABP and asset manager CBRE Investment Management are backing the construction of new rental housing for seniors. Starting with 350 million euros, they plan to develop approximately 1,000 senior residences over the next few years.
The collaboration aims to focus on affordable and sustainable housing for seniors. ABP chair Harmen van Wijnen points out that the supply of suitable senior homes is falling behind, even as the Netherlands ages rapidly. “Investing in affordable and sustainable senior housing helps ensure stable returns for our participants while supporting a livable society,” he says.
Combined with an earlier investment in standard affordable rental housing, this partnership now totals roughly 1.25 billion euros, enough to build around 3,500 homes.
An ABP spokesperson stated that the new housing will mainly be built in the Randstad, with additional attractive locations in select regional cities. At this stage, no specific projects have been acquired.
In January 2026, ABP announced an extra investment of 550 million euros through CBRE Investment Management, increasing the joint real estate mandate to approximately 900 million euros, with the aim of eventually reaching 1 billion euros for sustainable, affordable rental housing in the Netherlands.
The initial 350 million-euro allocation included plans for roughly 1,000homes, including senior residences, while the latest expansion targets a wider portfolio of mid-range and affordable rental properties.
The investments specifically target middle-income households. The majority of the homes will be in the mid-rent segment, as defined by the Affordable Rent Act. Every project aims to achieve the highest sustainability rating, and must be climate-proof to ensure low energy costs for tenants.