Civitas Social Housing is set to buy four new supported living properties in the East of England for £2.5m, and said it has a “significant pipeline” of further deals to come.
The latest transactions will see the REIT acquire four self-contained single-occupancy properties adapted for adults with learning disabilities and mental health care needs, leased to Chrysalis Supported Association.
The properties have rents adjusted annually in line with CPI, subject to a lower limit of inflation of 0% and a maximum of 4%.
Civitas will fund the deals from an £85m loan from M&G, agreed earlier this year.
To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews
