Impact Healthcare REIT – Impact Healthcare REIT (IHR), which has a particular focus on care homes, has raised raised £35m in a share placing. The company’s manager is working on a number of transactions which, if completed, it says would lead to the acquisition of up to a further 20 homes, enabling the full deployment of the net proceeds of the placing and the IHR’s available debt facilities in the near term.
Commenting on today’s announcement, Rupert Barclay, chairman of IHR, said: “This capital will provide the company with the ability to continue to diversify its portfolio and add further experienced operators as new tenants. The company will continue to seek to grow its portfolio in a considered way with near term opportunities, which are expected to deliver further value to shareholders while also maintaining a strong balance sheet.”
IHR: Impact Healthcare REIT placing raises £35m