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Civitas makes £500m investment into social housing
London-listed real estate investment trust Civitas has invested more than £500m into quality properties within the social housing sector across England and Wales since its IPO in November 2016.
Civitas revealed on Monday that it now provides accommodation for nearly 3,000 vulnerable adults across 122 local authorities, in partnership with 12 Registered Providers and 72 care providers.
Michael Wrobel, chairman of Civitas, said, "This landmark is a testament to the hard work of our Manager, Civitas Housing Advisors, our growing reputation in the sector and the strength of the long-term relationships we are building."
Each property is subject to a long-term FRI based lease and was funded through the company's cash resources.
As of 1115 BST, Civitas shares had lost 0.29% to 102.20p.