Impact Healthcare REIT which is The UK healthcare real estate investor, has bought four care homes in a £21 millon deal.

The REIT said that it bought the assets from subsidiaries of the Maria Mallaband and Countrywide Group (MMCG) in a sale and leaseback transaction.

MMCG will continue to operate the homes after completion. The four homes have a combined total of 296 elderly care beds, of which 270 are currently in operation.

One home, Belmont House, is located in Harrogate, in North Yorkshire. The other three homes are in Scotland. Impact Healthcare said that the latest investment comprises one of the six target transactions. The company included in its announcement last month and will be funded from the group’s current debt facilities.

Source: IPE

Fulya Altunyay/ [email protected]