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Home Care Markets Business HCR acquires 20 MMCG homes

HCR acquires 20 MMCG homes

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Real Estate Investment Trust (REIT) HCR has acquired 20 care homes from Maria Mallaband Care Group (MMCG) in a £75.8m sale and leaseback deal.HCR said in its results for the second quarter of 2014 that the triple-net leases have initial terms of 15 years, plus 10-year extension options. They are expected to provide an initial…

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