Care home investor acquires York site
Target Healthcare REIT, an investor in care homes, has acquired a York property as part of a £31m deal for three different sites across the UK.
The tenant for York is a subsidiary of the Four Seasons Health Care Group, one of the UK's largest care home operators. As part of the transaction, the Group will be stepping into the existing full repairing and insuring occupational leases which together have a blended average unexpired lease term of approximately 21 years.
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