Developments drive up rental income at Target Healthcare REIT

Contractual rental income grew 3.7% over the first quarter at Target Healthcare REIT, driven mainly by developments. Growth consisted of a 0.8% like-for-like rise from 23 rent reviews and a 2.9% increase from two completed developments, with one home operated by a new tenant in the investor’s portfolio. The sites, in Dartford, Kent, and Holt,…