Company is now called Care REIT
The deal will boost Impact’s rent roll by 6.6% to £42m per annum
REIT agrees NatWest funding line and pays back part of Metro Bank loan
Investor had hoped to raise £50m to repay RCF and fund deals
REIT buys a care home near Lowestoft and funds construction of another in Norwich
REIT’s portfolio valuation grows to £346m
Care home operator continues to collect 100% rents
REIT reveals 8.3% rise in property portfolio
It will meet with shareholders in coming weeks to discuss fundraising support
Impact Healthcare REIT has bought two healthcare portfolios comprising of 56 care homes for £148.8m as a seed portfolio following its listing in March.
Impact Healthcare REIT has raised £160m in its first share issue as it looks to enter the UK care homes market