East Mids care homes sold in £28.5m deal

Five care homes across the East Midlands have been sold in a deal worth £28.5 million.

LXI REIT has bought the freehold interest in five care homes in Leicestershire and Lincolnshire.

The homes are fully let to Prime Life, an established Care Quality Commission-regulated care operator which provides specialist facilities and services for elderly care, high dependency dementia and also for younger residents with learning disabilities, mental illnesses and physical disabilities.

Prime Life is a family-owned business, with over 30 years’ experience and currently operates over 1,800 beds across 60 homes in the UK.

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