The Board of Directors of Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes for the elderly, is pleased to announce that the Group has acquired a care home for £3.0 million.
The Group has appointed one of its existing tenants, Minster Care Management Limited (“Minster“), as the new tenant of this home at an initial rent of £225,000, reflecting an initial yield of 7.5%. The lease is subject to an annual upward-only review linked to the Retail Prices Index, with a floor of 2% per annum and a cap of 4% per annum.
The Group continues to work on a strong pipeline of further acquisitions, a number of which are in exclusivity.
The entry into the new lease with Minster is deemed to be a smaller related party transaction for the purposes of Listing Rule 11.1.10R and this announcement is therefore made in accordance with Listing Rule 11.1.10R(2)(c).
For further information please contact:
Impact Health Partners LLP via Maitland/AMO
Winterﬂood Securities Limited
Tel: 020 3100 0000
RBC Capital Markets
Tel: 020 7653 4000
Maitland/AMO (Communications Adviser)
Tel: 020 7379 5151
The Company’s LEI is 213800AX3FHPMJL4IJ53. Its home member state is the United Kingdom
Further information on Impact Healthcare REIT is available at www.impactreit.uk