Listed real estate firm snaps up nursing home in £3.9m deal

A listed real estate investment trust has acquired a York nursing home for £3.9m. The Board of Directors of Impact Healthcare REIT, which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, have acquired Birchlands Nursing Home. The initial rent will be £300,000.

Birchlands is a purpose-built nursing home on the outskirts of York with 51 bedrooms. It currently has 100% occupancy and was rated Good by the CQC in its most recent published inspection report.

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