PGIM Real Estate has entered into a joint venture with Elevation, a specialist healthcare real estate investment management firm, to fund developer-operators of new build care homes across the UK.
The venture has committed to its first investment with the development of two care homes in Exeter and Didcot, in partnership with Care Concern Group, a care home operator. The new homes are expected to be completed and open by late summer 2021 and 2022 respectively.
Channels:Deals
Companies:PGIM Real Estate
