Civitas Social Housing acquires nine regulated properties for £7.8m
Source - SMW
Civitas Social Housing said it had completed the purchase of nine regulated social housing properties comprising 42 tenancies for £7.8m.
The properties were leased to Encircle Housing, Auckland Home Solutions and Inclusion Housing.
They would be immediately income-generating with an initial net yield in line with the company's expectations.
Civitas said they had been adapted for use as accommodation for tenants with learning disabilities and other care needs. There was a care provider in place at each property.
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