Walton HPC are pleased to announce the acquisition of two moderrn care homes on behalf Target Healthcare REIT a specialist investor in UK. The two homes; Bromford Lane and Beechdale Manor - in the Midlands, were purchased for approximately £14.3 million including acquisition costs.

Located in Washwood Heath, Birmingham and Bilborough, Nottingham, both properties are modern, purpose-built homes. The homes  were acquired under a sale and leaseback arrangement from Bondcare a national care home operator, who will continue to operate them under a lease  for a period of approximately 21 years at Bromford Lane and 35 years at Beechdale Manor, and the transaction represents an initial yield in excess of 7%.