Cureus

What Cureus does

Cureus GmbH is a Hamburg-based real estate company founded in 2020 that develops, constructs, and holds stationary care homes (stationäre Pflegeimmobilien) in Germany under a standardized "Systempflegeimmobilie" approach. The company acquires land, develops and builds care facilities primarily through in-house general contractor capabilities (over 75 construction employees within Cureus Nord GmbH and Cureus West GmbH), and leases completed properties to professional care operators under multi-year agreements. The system is codified in a proprietary Standardbaubeschreibung (Standard Building Description) covering property guidelines, building components, operating concepts, and quality measures, and is supported by DGNB basic certification (awarded November 2025) and KfW-40 energy standards on all new construction. The team has approximately 20 years of prior experience in the German care real estate sector.

As of March 31, 2026, Cureus's portfolio comprises 77 leased care home locations containing approximately 7,565 care places, 796 service apartments, and 241 other units, with an average property age of approximately 5.5 years. The company holds an estimated 20% share of confirmed new care home development capacity in Germany based on the bulwiengesa joint market study (Pflegemarkt.com Bauradar 2018–Q2/2021). Revenue is generated through three streams: long-term operator leases on the held portfolio, in-house construction/general contractor services, and selective apartment sales (Teileigentum) to capital investors via the Pecuria sales partnership. The company also pursues DGNB basic certification and KfW-40 energy standards across all new construction.

Cureus's tenant base spans approximately 20 professional care operators including compassio, Amando, Dorea, Belia, Insanto, Pflegemotive, MEDIKO, Vitanas, curavie, Libento, Schönes Leben Gruppe, and Diakonie. Management is led by CEO Christian Möhrke, CFO Oliver Sturhahn, and CCO Frank Oberländer. The company is privately held with no disclosed institutional investors, reports a Sustainalytics ESG Risk Rating of 10.1 ("top rated" in the European real estate segment), and is a member of ZIA and signatory of the Diversity Charter.

Name

Cureus

Legal name

Cureus GmbH

Website

https://cureus.de

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Cureus GmbH is a Hamburg-based German real estate developer specializing in standardized development, construction, and long-term holding of stationary care homes (Systempflegeimmobilien), leased to professional care operators across Germany. Its 77-property portfolio holds ~7,565 care places and approximately 20% of new German care home development capacity.

Ownership category

akta.pro rank

Product category

Senior Care Real Estate

NAICS

Nursing Care Facilities (Skilled Nursing Facilities) (623110), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

General Bldg Contractors - Residential Bldgs (1520), Services-Skilled Nursing Care Facilities (8051)

akta.pro primary industry

Transitional Care Units (TCU) (HLAFAFAF)

akta.pro secondary industry

Medicare-Certified Skilled Nursing Visits (RN/LPN) (HSABACAA)

Keywords

• Care home development
• Stationary care real estate
• Senior care properties
• Real estate portfolio management
• Care facility construction

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property leasing (Operator leases): Cureus develops, builds, and holds care properties in its own portfolio. Properties are leased to care operators (such as compassio, Amando, Dorea, Belia, Insanto, etc.) under long-term lease agreements. This generates recurring lease income from 77 leased locations (as of March 2026) with approx. 7,565 care places and 796 service apartments.
2. General contractor / construction services: Cureus acts as its own general contractor (Generalunternehmer) for many projects, building care homes for its own portfolio using in-house construction teams. This generates project development and construction revenue.
3. Apartment sales (Teileigentum) via Pecuria: Some care apartment projects are sold as partial ownership (Teileigentum) to capital investors via Pecuria. Investors purchase apartments similar to condominiums, with Cureus receiving proceeds from the sale of the properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Cureus is a German specialist that develops, constructs, and holds stationary care real estate (Systempflegeimmobilien) in its own portfolio under a standardized system approach. The company acquires land, builds care homes using in-house general contractor teams, and leases the completed properties to professional care operators under long-term agreements. Some service apartments are also sold as partial ownership (Teileigentum) to capital investors via the partner Pecuria.

Product overview

Cureus is a German real estate company specializing in the development, construction, and management of stationary care homes (Systempflegeimmobilien). The company operates a unified system approach centered on the Systempflegeimmobilie product, which provides standardized yet scalable care property solutions across Germany. Supporting this core offering is an internal Construction Business Segment that delivers turnkey general contractor services, and a Market Survey initiative that provides transparency on the German care real estate market. The company maintains an active portfolio of 77 leased care home properties with approximately 7,565 care places.

Differentiator

Problem solved

Functional benefit

Brands

• compassio: Senior care residence brand operated by Cureus, featuring care homes for full-time care, short-term care, and respite care.
• Amando

Products and services

• Systempflegeimmobilie (System Care Home) Standardized, scalable system for the development, construction, and management of stationary care homes in Germany, encompassing standardized construction specifications (Standardbaubeschreibung), a fixed partner network, and standardized processes guiding property acquisition through construction to long-term building management; optimized for care operators, residents, and care staff.
• Construction Business Segment (In-House General Contractor Services) Internal construction division providing in-house general contractor services, turnkey construction, and quality management for care home development projects across Germany; Cureus acts as its own general contractor for many projects, with over 75 construction professionals and offices in Hamburg and Marl.
• Care Property Portfolio (Stationary Care Real Estate Portfolio) Held portfolio of standardized care real estate comprising 77 leased care home locations with approximately 7,565 care places, 796 service apartments, and 241 other units, leased to professional care operators under long-term agreements, with an average property age of approximately 5.5 years.

Quantifiable outcome

• 77 care properties under long-term operator lease, with approximately 7,565 care places and 796 service apartments (as of 31 March 2026)
• +5 more outcomes

Named customers20 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• DGNB (Deutsche Gesellschaft für Nachhaltiges Bauen e.V.)coreStrategic or Co-development Partner · 20 November 2025Cureus received DGNB basic certification for its system care home approach. Cureus has been a member of DGNB since August 2022. The partnership enables Cureus to certify its buildings under the DGNB 'sustainability in series' (Nachhaltigkeit in Serie) framework, reducing certification costs and time for individual projects. All new buildings are certified according to DGNB sustainability certificates in addition to KfW-40 standard.
• bulwiengesacoreStrategic or Co-development Partner · 1 January 2021Joint market study partnership with bulwiengesa to analyze and forecast the German care home real estate market. The survey investigated how demand for inpatient care places can be met and how innovative solutions like the Cureus system approach can help overcome current and future challenges. bulwiengesa is a leading German real estate research and consulting firm.
• KfW (Kreditanstalt für Wiederaufbau)coreStrategic or Co-development PartnerKfW is the German state-owned development bank whose energy efficiency standards (KfW-40) Cureus applies to all its new buildings. All Cureus system care homes are designed and built to the KfW-40 standard, consuming only 40% of the primary energy allowed under German regulations, and heat loss via building envelopes is reduced by almost 50%.
• PecuriacoreChannel Partner/ Reseller/ DistributorPecuria serves as the sales partner for Cureus for certain care apartment projects sold as partial ownership (Teileigentum). Pecuria handles the marketing and sale of care apartments to capital investors. Cureus develops the property and Pecuria manages the investor sales process. Pecuria offers vorrangiges Belegungsrecht (priority occupancy rights) and miettreuhandkonto (rental escrow) to protect investor income.
• Groundbreaker gGmbHminorStrategic or Co-development PartnerPartner and facilitator for Cureus's international social responsibility project — the construction of a health and community centre in Kampala, Uganda. Groundbreaker gGmbH facilitated the completion of the Cureus-funded community project.
• German Property Federation (ZIA)minorStrategic or Co-development PartnerCureus is a member of the ZIA (Zentraler Immobilien Ausschuss), Germany's leading property industry association. Membership aims to promote exchange of experience within the industry and pool expertise. Cureus has also committed to the ICG's 'Principles of Proper and Fair Management in the Real Estate Industry'.
• UN Sustainable Development Goals (SDGs)minorStrategic or Co-development PartnerCureus is committed to the United Nations' 17 Sustainable Development Goals and identifies opportunities for action in SDGs 3, 5, 7, 8, 9, 11, 12, and 13. This commitment shapes Cureus's sustainability strategy and reporting framework.
• Diversity Charter (Charta der Vielfalt)minorStrategic or Co-development PartnerCureus signed the Diversity Charter, making a voluntary commitment to create a working environment free of prejudice. The Charter is a German employer initiative promoting diversity in companies and public institutions.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aedifica: Belgian-listed European healthcare REIT specialising in care home real estate across Belgium, Germany, the Netherlands, UK, Finland and Sweden. Directly comparable to Cureus as a long-term owner/developer of purpose-built senior care properties with operator-lease structures, including active German exposure.
• Cofinimmo: Belgian healthcare REIT with significant care home portfolios across Belgium, France, Germany and the Netherlands. Comparable to Cureus in business model (long-term leases to care operators on purpose-built assets) and customer profile (institutional care operators).
• Care Property Invest: Belgian-listed REIT fully dedicated to care and healthcare real estate, with a growing German portfolio. Closely comparable to Cureus in asset class focus (vulnerable/elderly care residences), long-lease income model, and German expansion strategy.
• Target Healthcare REIT: UK-listed REIT investing in modern, purpose-built care homes leased to established operators. Comparable to Cureus in long-duration triple-net-style lease structures, portfolio-level diversification across multiple operators, and focus on modern build stock.
• Primary Health Properties: UK-listed REIT focused on modern primary healthcare buildings leased to GPs and the NHS. Comparable to Cureus in long-lease, purpose-built healthcare real estate model with multi-year tenant contracts and ESG-aligned design standards.

Broad incumbents

• Heimstaden: Swedish residential real estate owner with a growing senior/care housing segment across Europe including Germany. Comparable to Cureus in held-portfolio residential and senior care exposure in Germany, though at much larger scale and broader tenant base.
• Vonovia: Germany's largest residential real estate company with ~550,000 units and growing exposure to senior-friendly housing. Comparable to Cureus in German residential real estate scale, capital intensity, and portfolio of purpose-built housing stock.
• Goldbeck: German family-owned construction and real estate services company specialising in system-built commercial, residential and care buildings. Comparable to Cureus in standardised, in-house-driven construction methodology and care home delivery in Germany.
• Hochtief: Germany-headquartered global construction group active in commercial and infrastructure projects including healthcare facilities. Comparable to Cureus in construction capability and exposure to German public/private building markets, though at much larger and more diversified scale.

Regional players

• Korian: Major European care home operator and developer with strong presence in France, Germany, Italy and Benelux. Comparable to Cureus as a counterparty in the German care property ecosystem and as an integrated operator-developer model in adjacent European markets.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cureus-gmbh
• Instagraminstagram.com/cureus.de

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

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 Cureus