19/12/2019
Elevation Healthcare Properties (“EHP”), a real estate fund advised by Elevation Advisors LLP (“Elevation”), is pleased to announce that it has completed the acquisition of the property underlying a state of the art care home located in Warwick. The home is let to the incumbent operator Berkley Care Group (“Berkley Care”).
Berkley Care is a leading operator in the Midlands and has a strong reputation for offering its residents outstanding person-centered care within a luxurious hospitality-led care home environment.
The property was recently built to excellent standards with full en-suite wetrooms and is let on a longterm lease with RPI-linked escalator with cap and collar. Berkley Care becomes EHP’s sixth operator relationship. The acquisition of the care home in the Midlands further enhances EHP’s geographic and operator diversification.
Simon Webster, partner at Elevation said: “we are excited that Berkley Care has joined EHP’s growing number of operator relationships. Berkley Care is a leading regional operator with an excellent track record of care and wellbeing for its residents.”
EHP continues to pursue further transactions with a growing exclusivity pipeline of future potential investments.
Disclaimer
This press release is issued by Elevation Advisors LLP, which is authorised and regulated by the Financial Conduct Authority. The information contained herein is provided for informational purposes only and does not constitute investment advice, an offer to buy or sell any financial instrument, or a solicitation of any kind. Past performance is not a reliable indicator of future results. Any forward-looking statements or projections are based on current assumptions and subject to risks and uncertainties that may cause actual outcomes to differ materially. This communication is intended solely for professional clients and eligible counterparties as defined by the FCA. It is not directed at retail clients and should not be relied upon by any person who does not meet the criteria for professional client classification. Investments may involve significant risk, including the potential loss of capital. Recipients should seek independent financial advice before making any investment decisions. While reasonable care has been taken to ensure the accuracy of the information provided, Elevation Advisors LLP makes no representation or warranty as to its completeness or reliability and accepts no liability for any loss arising from reliance on it.