Flurry of care home deals as trust agrees £4.5m acquisition
Real estate investment trust LXi has acquired a portfolio of supported living properties in Yorkshire.
It has acquired the long-let portfolio for £4.5m, reflecting a net initial yield of 6.0%.
Each property is immediately income producing and has been let on a new 25-year lease, with no tenant break, to a specialist registered provider of social housing. The provider is regulated by the Homes and Communities Agency and receives its funding for the rent payments directly from its local authority.
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