Impact Healthcare REIT PLC - London-based real estate investment trust - Buys two care homes in Kent for GBP14.0 million combined with acquisition costs. Says these acquisitions are with a new tenant Belmont Healthcare, an independent care group. Once completed, Impact says initial annual rent agreed at GBP890,000.
Says one home is a 120-bedroom property split over four units, while the other transaction is the sale and leaseback of a 48-bedroom home owned by Belmont, which includes a potential deferred payment of up to GBP550,000. Impact says these acquisitions are leased with fixed terms of 25 years.
Current stock price: 119.39 pence, up 0.3% in London on Monday
12-month change: up 4.0%
By Xindi Wei; xindiwei@alliancenews.com
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Impact Health (IHR)