Franklin Real Asset Advisors, on behalf of the Franklin Templeton Social Infrastructure Strategy, has completed the acquisition of a portfolio of six care homes comprising 406 beds across Northwest England. The assets will be operated by a regional care home operator on a new 35-year lease.
Klaus Schmid, Managing Director, Franklin Real Asset Advisors, comments: “We are pleased to have acquired this portfolio and look forward to building on the current performance of the assets. Aligned with the impact objectives of our strategy, the acquisition not only allows us to preserve the existing care home beds but also reactivates approximately 100 beds. This effort will contribute to addressing the shortfall of accessible, high-quality beds in the catchment areas for all six care homes.”
Michel Lim, Senior Vice President at Franklin Real Asset Advisors, adds: “We are delighted to capitalise on this special situation which we have been working on in collaboration with the vendors and new operator over the past six months. We were able to structure a deal that is a win-win scenario for all, providing us with a long-term lease to a well-established and mission-aligned care home operator that provides quality care services to the communities. We look forward to growing our portfolio and are pursuing similar opportunities in the future.”
For more information please visit: https://www.ftinstitutionalemea.com/institutional/investment-capabilities/investment-themes/social-infrastructure
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For more information, please contact:
Franklin Real Asset Advisors
Tel: 0207 073 8608
Kira Foschi: [email protected]
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About Franklin Templeton
Franklin Real Asset Advisors are part of Franklin Resources, Inc. [NYSE:BEN] a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing