What Carestone does

Carestone Group GmbH is a privately held German real estate developer founded around 1998 and headquartered in Hanover, with 101–250 employees. The company specializes exclusively in the development, construction, and marketing of senior living and care real estate (Seniorenwohn- und Pflegeimmobilien), serving as an integrated platform that spans the full value chain from land acquisition and development through construction, renovation, and ultimately sale of partial ownership units (Teileigentum) to private capital investors.

The company's core technology is specialized care property development, with proprietary activity in climate-friendly wooden modular construction (Holz-Modulbauweise) demonstrated at the Kalbach SeniorenCampus in Hesse, and award-winning sustainable design evidenced by the November 2025 handover of the Bad Schussenried living and care center. Supporting products include the Trainstone Academy (IHK-certified professional training launched in August 2025), a dedicated investor sales portal (vp2.carestone.com), and the Betreiber & Kommunen operator and municipal partnership program. Cumulative delivery stands at 22,000+ care places with >8,000 in execution across 95 projects in progress and 20+ active construction sites nationwide.

Carestone's revenue model is primarily one-time real estate sale of newly developed care properties to private investors seeking retirement-provision and wealth-preservation assets, supplemented by renovation and revitalization services for existing facilities. The go-to-market is sales-led and hybrid B2B/B2C, combining direct investor engagement via the sales portal with a national partner network of Vertriebspartner and 40 care operator relationships. Customers are segmented into capital investors (primary, retail/private), care operators (primary, B2B), and municipalities (secondary, B2G). Leadership transitioned in February 2026 with Daniel Ahrendt promoted from CFO to CEO while retaining the CFO role, indicating internal succession.

Name

Carestone

Legal name

Carestone Group GmbH

Website

https://carestone.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Senior Care Real Estate Development

NAICS

Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

akta.pro secondary industries

Senior Living & 55+ Community Brokerage (BPAJAAAH), Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH)

Keywords

• Senior care real estate
• Care property development
• Healthcare real estate
• Senior living development
• Capital investment properties

Headquarters

HQ city

Hanover

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development and Sales: Carestone develops, builds, and sells/divests senior living and care real estate to capital investors. The value chain spans from land acquisition through development and construction to sales of partial ownership (Teileigentum) to capital investors.
2. Renovation and Revitalization Services: Renovation and revitalization of existing care facilities, extending asset life and value

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Carestone develops, builds, and markets senior living and care real estate (Pflegeimmobilien) as capital investments for private investors in Germany. The full value chain spans land acquisition, development and construction of new senior living and care properties, renovation and revitalization of existing facilities, and sale of partial ownership (Teileigentum) to capital investors via a dedicated sales portal and partner network.

Product overview

Carestone operates as a unified platform for senior living and care real estate development, combining development & construction services, sales & investment distribution, and operator partnerships into an integrated value chain. The core offering spans property development (Entwicklung & Bau) and investor sales (Vertrieb & Invest), supported by a partner network for operators and municipalities. Supporting modules include the Trainstone Academy for professional certification and an online Vertriebsportal for sales partners. The company focuses exclusively on care and senior living properties as a specialized asset class, with recent innovation in sustainable wood modular construction (Kalbach SeniorenCampus) and climate-friendly designs (Bad Schussenried).

Differentiator

Problem solved

Functional benefit

Products and services

• Senior Living & Care Properties (Seniorenwohn- & Pflegeimmobilien) End-to-end senior living and care real estate proposition for private investors and care operators in Germany, including care facilities, senior residences, and apartments designed for the elderly demographic.
• Entwicklung & Bau (Development & Construction) Full-service development and construction service from land acquisition through construction of new senior living and care properties, including renovation and revitalization of existing facilities.
• Vertrieb & Invest (Sales & Investment) Marketing and sale of care real estate to capital investors, including the sale of real divided properties in partial ownership (Teileigentum) to private investors for retirement planning.
• Vertriebsportal (Sales Portal) Online sales portal enabling partners and investors to access property offerings and manage investments in Carestone senior care real estate.
• Trainstone Academy IHK-certified (Chamber of Industry and Commerce) training and certification program for care real estate experts, delivered in partnership with the IHK to qualify professionals in the senior care real estate sector.

Quantifiable outcome

• 22,000+ care places created
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Care Operators (40 operators)coreStrategic or Co-development PartnerCarestone maintains partnerships with 40 care operators who operate the facilities developed by Carestone. This is a core element of Carestone's business model, connecting property development with operational expertise.
• Sales Partners (Vertriebspartner)coreChannel Partner/ Reseller/ DistributorCarestone has a network of sales partners who market care real estate investments to capital investors. Partners can join through the partner program to sell Carestone properties.
• Trainstone Academy / IHKminorStrategic or Co-development PartnerTrainstone Academy, in partnership with IHK (Chamber of Industry and Commerce), certifies care real estate experts. First certifications awarded in August 2025 at Carestone Group in Hannover.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bonifatius Wohnungsbau GmbH: German senior housing and care property developer with a similar model of developing and selling Pflegeimmobilien to capital investors, directly comparable in product category, customer base, and German market focus.
• EMPIRIA Group: German real estate developer specializing in senior living and care properties marketed as institutional and private investment products; comparable in asset class, investor channel, and German nationwide footprint.
• AGP - Allgemeine Seniorenwohnanlagen GmbH: Long-established German developer and operator of senior residences and care facilities; overlaps with Carestone in senior housing development, operator relationships, and capital-investor distribution.
• Specht Gruppe: German care real estate specialist developing and selling Pflegeimmobilien across Germany, with comparable investor-facing sales infrastructure and senior care asset focus.
• Deutsche Wohnwerte GmbH: German developer focused on senior care and serviced-living properties; comparable in segment specialization, project development model, and German market focus.
• Argentum Pflegeimmobilien: Germany-focused Pflegeimmobilien developer and marketer offering care properties as investment products to private investors; comparable asset class and investor-channel approach.
• DOMUS VITA Group: German senior care operator-developer with overlapping activity in stationary Pflegeeinrichtungen; intersects with Carestone in operator and development functions within the same niche.
• Curata Care Holding: German care operator-developer with a portfolio of senior care facilities; comparable end-asset class and overlap with Carestone on the operator and real-estate side of the value chain.

Broad incumbents

• Alloheim Senioren-Residenzen: One of Germany's largest senior care operators with broad national presence; an incumbent player that operates in the same end-asset class and frequently partners with developers like Carestone.

Regional players

• Berlinovo Grundstücksgesellschaft: German real estate group with significant care and residential property holdings; comparable in asset class but primarily a Berlin-anchored portfolio holder rather than a nationwide developer, making it a regional/scale variant peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/carestone_group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carestone