Civitas Social Housing has bought a portfolio of regulated social housing for £15.4m, taking its invested capital to more than £200m.
The 19 supported living properties with 95 tenancies are in Yorkshire and the Humber, the East Midlands and the South West. Each property is subject to a 25-year lease with a specialist housing association.
Civitas now has homes in more than 60 local authorities, with 1,100 underlying tenancies managed by seven housing associations and supported by more than 40 care providers.
All investments have been sourced off-market by Civitas Housing Advisers, the company’s investment manager.
Michael Wrobel, chairman of Civitas, said: “While we continue to build the pipeline of quality investments that meet our investment criteria it is pleasing to note that we have now passed the threshold for completed investments of £200m.
“With a diversified and broadly based portfolio we are extending our reach to many areas of the country and providing high quality social homes that support our underlying tenants.”
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