Civitas Social Housing has completed the purchase of five regulated social housing properties comprising 27 tenancies for £3,995,444.
The properties are leased to Bespoke Supportive Tenancies Limited, Chrysalis Supported Association Limited, and Encircle Housing Limited, which are all regulated by the Regulator of Social Housing and are counterparties to existing leases within Civitas Social Housing’s portfolio.
The properties have been adapted for use as accommodation for tenants with learning disabilities and other care needs, and there is a care provider in place at each property.
The properties are subject to 25-year leases and rents are adjusted annually in line with CPI over the full period.
Civitas Social Housing is also intending to complete the purchase of 15 regulated social housing properties for £20,663,644.