Impact Healthcare plans Q1 acquisition drive

Impact Healthcare REIT expects to announce fresh acquisitions in the coming months. In a stock market update, the care home-focused company said its investment manager had lined up “a strong identified pipeline of attractive investment opportunities” and that it should be in a position to strike new deals before the first quarter is out. As of the end of 2020, Impact Healthcare’s unaudited NAV stood at £349.5m, up from £347.8m three months earlier, with a 108-property portfolio valued at £418.8m, up by almost 5% over the quarter. The company also said that residents in almost all its care homes had now received their first Covid-19 vaccination. Chairman Rupert Barclay said: “We have made continued good progress over the past year, with our tenants sustaining their underlying performance and we have delivered 100% rent collection for 2020, which has continued into Q1 2021. “Although signs of recovery first appeared in the autumn before worsening in the last two months, we remain cautiously optimistic with the ongoing roll out of the vaccine in the UK.” To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette