Fundamentals remain strong despite lag in recovery, says Target

Kenneth MacKenzie, Target Fund Managers chief executive officer
Kenneth MacKenzie, chief executive officer,Target Fund Managers

A lag in recovery of private-fee occupancy has led to some providers leaving ‘themselves stretched’, investor Target Healthcare REIT has reported in a trading update. In addition to the recovery lag, tenants have paid rent for a couple of years, while also managing immature homes. However, the investor said fundamentals, including demographics and the lack…

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