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Civitas Social Housing acquires 10 properties in England and Wales for £8.6m
StockMarketWire.com
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Care-based housing and healthcare REIT Civitas Social Housing said it had completed the acquisition of 10 supported living properties across Hertfordshire, Essex, Suffolk and Wales for £8.6 million.
The properties are leased to Inclusion Housing Community Interest company, with rents adjusted annually in line with CPI over the full-term and are subject to a lower limit of inflation of 0% per annum and a maximum indexation of 4% per annum.
The properties are immediately income generating with an initial net yield in line with the company's present expectations.
Story provided by StockMarketWire.com
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