Target Healthcare REIT has bought two purpose-built care homes located in Dundee, Scotland, and Sandiacre, Derbyshire, for approximately £14m.
The two schemes have 151 bedrooms and opened in 2007 and 2015, with a refurbishment programme on the older property soon to be completed.
Hudson Healthcare will continue to operate the homes, which have RPI-linked 35-year leases.
Kenneth MacKenzie, managing partner of Target Advisers, said: “The transaction brings our total funds committed since the May 2016 fundraise to over £50m. We continue to assess other opportunities whilst also constantly monitoring the economic environment to ensure that our strategy remains appropriate.”
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