Civitas acquires three regulated social housing properties for £4.9m
Source - SMW
Civitas Social Housing said Wednesday that it had completed the purchase of three regulated social housing properties for a total of about £4.9m.
The properties, comprising 23 tenancies, would be immediately income-generating with an initial net yield in line with the Civita's expectations and were sourced off-market by Civitas Housing Advisors, the company's investment manager.
The properties were leased to Falcon Housing Association and Encircle Housing, both of which were regulated by the Regulator of Social Housing and were counterparty to existing leases within the company's portfolio, Civitas said.
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