Target Healthcare REIT sells nine care homes for £85.9m

Target Healthcare REIT has sold nine UK care homes for £85.9m in a deal that represents 8.3% of the group’s overall portfolio value and reduces its exposure to its largest tenant. The deal, which represents 537 beds, reduces its exposure to HC‑One/Ideal Carehomes from 16% to 8.8% based on rental income. On completion, the transaction…