Healthcare specialist Target Healthcare has overhauled its management fee arrangement moving to a tiered model which will see rates shrink as the REIT’s 55-strong portfolio grows, as well as scrapping the manager’s performance fee.
The REIT announced the changes in its full year result in which it posted a 3.7% rise in net asset value to 105.7p a share, and said it has bought or committed to buying £83.6m of assets since it issued £94m of shares in February.
