Target’s assets demonstrating ‘resilience’ despite drop in value

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

Target Healthcare REIT’s property portfolio value has remained resilient despite it falling 5% during the last quarter of 2022. As at 31 December, it was valued at £867.7m and comprised 100 properties, consisting of 97 operational care homes and three pre-let sites, which are being developed (30 Sept 2022: £913.7m). ‘The portfolio value decreased by…

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