Investment Trust Insider on LXi REIT
This week’s topic is LXI Reit (LXI), one of a small band of real estate investment trusts whose raison d’etre is they invest in assets let on long leases.
The first to launch in 2014 and by far the largest with a market value of £823 million is Secure Income Reit (SIR). It owns properties that it lets to the likes of Merlin Entertainment (including Alton Towers, Thorpe Park and Warwick Castle), Travelodge (including their hotels in Edinburgh, Glasgow and Manchester) and Ramsay Health Care (around 20 hospitals scattered across England).
The newest of these funds, launched in June 2017, is … click here to read more