Target Healthcare, the UK listed specialist investor in modern, purpose-built care homes, announces that it has completed the acquisition of a major portfolio of 18 operational modern care homes. Combined with the previously noted acquisition of a pre-let development site in Weymouth, the Group’s total investment during the quarter has been £173 million including costs. The acquisition yields are representative of assets of a similar standard and location within the Group’s portfolio, and the properties benefit from long-term occupational leases with RPI-linked caps and collars.
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