Civitas Social Housing has bought 10 supported living properties across Hertfordshire, Essex, Suffolk and Wales for £8.6m.
The properties are leased to Inclusion Housing Community Interest Company, with rents adjusted annually in line with CPI over the full-term and are subject to a lower limit of inflation of 0% per annum and a maximum indexation of 4% pa.
Civitas said the assets were immediately income generating and were in line with its strategy deploy the £84.6m facilities it secured from M&G in February.
The group, which owns more than 600 homes across the UK, said it has a “significant pipeline of similar opportunities which are progressing well”.
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