Target Healthcare REIT, the only listed specialist investor in UK care homes, has completed the acquisition of a modern, purpose built care home at Warrenpoint, Northern Ireland for £5.75 million.
The home, Carlingford Lodge, was opened in 2011 and comprises 74 single bedrooms with ensuite bathrooms including wetroom showers. It will continue to be operated by the incumbent operator, a subsidiary of the Priory Group
It follows company’s successful raising of £84 million additional funds.
Kenneth MacKenzie (above), managing partner of Target Advisers LLP, said: “We are delighted to announce the completion of this acquisition. This care home, operated by a tenant who is well known to us, adds another quality property to the Group’s portfolio and increases our presence in Northern Ireland.”