The care home property investment market continues to grow with Legal & General Property’s £25.2 million purchase of a trio of care homes.
The portfolio consists of three properties from across the UK, with the three newly redeveloped care homes offering 187 beds to residents. The deal was struck with the Careplaces Fund, the specialist care home arm managed by Bridge Ventures for a yield of 5.5%.
Principal offers UK Managed Care Home Investments with 8% NET Rental Return
These latest additions to the Legal & General Property portfolio bring the value of the fund’s care home investments to within the region of £220 million.
With an ageing population and a severe undersupply of care homes in the UK, this latest purchase demonstrates the value of the care home sector to investors and institutional buyers alike. With a long term need for investment in this market, many investors are looking towards the sector as an opportunity for growth and excellent yields.
As the care home market continues to grow, Principal International is delighted to offer investors the opportunity to invest in an exceptional care home investment.
Calderdale House offers purchasers an 8% NET rental return, complete with 10 year rental assurance and full management from an experienced care home operator.
For more information on Calderdale House, please click here.