Impact Healthcare REIT buys York care home – Impact Healthcare REIT has acquired Birchlands Nursing Home for a net consideration of GBP3.9 million. The initial rent will be GBP300,000.
Birchlands is a purpose-built nursing home located on the outskirts of York with 51 bedrooms. It currently has 100% occupancy and is rated Good by the CQC in its most recent published inspection report.
The group has agreed to appoint one of its existing tenants, Welford, as the new tenant of Birchlands. The terms of the new 25-year full repairing and insuring lease with Welford for the home are the same as the group’s existing leases with Welford. This is the group’s third lease with Welford, which now operates four homes with 174 beds for Impact.
The statement says that Impact has agreed exclusivity on a number of further acquisitions, continues to evaluate a strong pipeline of potential investment opportunities and expects to announce further acquisitions shortly.
IHR : Impact Healthcare REIT buys York care home