Impact Healthcare REIT (GB:IHR) has released an update.
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Impact Healthcare REIT PLC has successfully negotiated the sale of five of its non-core care homes for £8.8 million, aligning with the latest valuation. These transactions are part of the company’s strategy to improve the sustainability and performance of their portfolio, which will own 135 properties post-sale. Additionally, the sales are expected to reduce Impact’s exposure to its largest tenant and have resulted in an annualized unlevered IRR of 6.6% for the non-core homes.
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