Target buys care homes for £18.6m

John Flannelly, head of investment, Target Fund Managers

Target Healthcare REIT has bought two care homes for £18.6m. The homes, which were bought from Bluebrick Healthcare, have been let on 35-year leases with RPI-linked cap and collar to a subsidiary of operator Maria Mallaband Care Group. The Moors Care Centre, in Ripon, Yorkshire was built in 2015 and comprises 70 bedrooms each with…

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