Civitas Social Housing PLC is the first real estate investment trust dedicated to investing exclusively into existing portfolios of built social homes in England and Wales. The Company achieved admission to the premium listing segment of the Official List of the London Stock Exchange in November 2016, raising £350 million in an oversubscribed IPO.
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The Board of Civitas Social Housing PLC is pleased to announce that the Company has completed a £9.1 million acquisition of a portfolio, with an initial net yield of 6.0%, comprising the freehold or long leasehold interest in 20 supported living properties, with a total of 51 tenancies, across the country (north-east, north-west, south-west, Wales and London) (the “Portfolio”). The Portfolio was sourced off-market by Civitas Housing Advisors Limited (“CHA”), the Company’s investment adviser.
Civitas Social Housing PLC (“Civitas”), the first LSE-listed REIT specialising in social housing, came to market on 18 November 2016.