1st Jun 2022 15:58
Impact Healthcare REIT PLC - real estate investment trust focused on healthcare properties - Acquires three care homes in Devon and Somerset for GBP25.0 million, which are currently let to an existing tenant Welford Healthcare Ltd. Impact says the homes add 184 mostly en-suite beds to its portfolio, which then will total 134 properties with 7,316 beds. Initial rent under the new leases it set at GBP1.7 million, reflecting a gross initial yield of 6.8%. Rent cover is expected to be over two times, based on the current trading performance of the homes. Read More
