Impact Healthcare REIT has taken over a portfolio of 12 care homes in Fife, Scotland for £37.5 mln (€44 mln). The assets were owned and operated by Kingdom Homes whose owners are retiring from the care home business.
All of the homes will be operated by an existing Group tenant, Holmes Care Group, and offer a total of 480 beds, located within established residential areas.
The investment has been made initially by way of a loan to Holmes Care Group which will allow it to complete the acquisition of Kingdom Homes immediately.
