Impact Healthcare REIT has raised £35m through a share placing, a notably lower result than the £50m it set out to secure.
The REIT, which invests in care homes and other healthcare facilities, will use the fresh capital to repay some of its revolving credit facilities as well as making new investments.
Chairman Rupert Barclay said the company has identified a “pipeline of attractive, near-term opportunities” for its next acquisitions.
Earlier this month the company struck deals for a care home near Lowestoft, Suffolk, and a prelet forward-funding arrangement for one in Norwich.
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