Brookfield Care Home, Little Bury, Oxfordshire has been sold JLL’s Alternative Investment team on behalf of The Property Income Trust for Charities (PITCH) c/o Mayfair Capital Investment Management Ltd for £8.225m.
The 66-bed ensuite care home is leased to Methodist Homes (MHA), a 5A1 strong covenant with circa 19 years unexpired. The rent benefits from minimum fixed annual 2.5% rental increases.
Verity Knight, associate director Alternative Investment at JLL, who acted on behalf of Mayfair Capital, said, “It was great to advise The Property Income Trust for Charities on their first acquisition in the sector with an investment so well-aligned to their objectives.”
Simon Martindale from Mayfair Capital added, ““This purchase is consistent with Mayfair Capital’s thematic investment approach, in particular its Demographics theme, which focuses on an ageing population and the growing demand for good quality, well-run care homes. The investment also enhances the weighted average unexpired lease term (WAULT) profile of the Fund.”
