Source - SMW
LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Greater London (50%), Devon (30%), Surrey (14%), Essex (4%) and Northampton (2%). 

It said the purchase price for the portfolio was £18.9 million, reflecting a net initial yield of 6.0%, net of acquisition costs to the company.

It said each property was immediately income producing and had been let on a new 35-year lease, with no tenant break, to a specialist registered provider of social housing. 

 


At 9:48am: (LON:LXI) Lxi Reit Plc Ord 1p share price was +0.75p at 103.75p