Elevation Raises £330m for Elevation Healthcare Properties

EHP owns 26 care home properties providing over 1,800 beds tenanted to six best-in-class operating partners. EHP’s modern, purpose-built healthcare properties provide high-quality needs-based services to a predominantly private-pay clientele. Approximately 90% of the assets (by GAV) include the latest standard of ensuite wetroom facilities, compared to the U.K. market average of approximately 25%.

EHP intends to deploy the capital raised to acquire and develop on a pre-let forward fund basis new properties with similar specifications. Beyond the near-term pipeline supported by this funding round, on the back of the depth of the market opportunity and investor appetite, Elevation has ambition to continue expanding the vehicle.

In line with EHP’s existing strategy, the properties will be let on inflation-linked, long-term leases to top-tier national and regional operators. Elevation carefully selects operating partners who are proven to create best-in-class senior-living environments, have an excellent record in care and can evidence a positive impact on their respective local communities.  EHP has a robust ESG strategy in place covering its investment, construction and property management pillars to provide a high level of environmental sustainability and positive social impact. Key to the delivery of this strategy is ensuring that all assets are future proofed through the integration of the latest technologies and standards. EHP is working closely with its operating partners to implement this strategy and 100% of the assets that have been assessed against “BREEAM in Use” standards have achieved a rating of “Excellent” or “Very Good”.

Andrea Auteri, Managing Partner at Elevation said: “We are excited to complete this fundraising and move our well-established EHP vehicle into its next phase of growth. EHP seeks to address the structural undersupply of high-quality elderly care beds in the U.K. to deliver positive social impact through the provision of modern, high-quality care environments. These care home properties are a vital part of the healthcare infrastructure fabric of the country and are designed to meet increasing environmental standards. This fundraising is testament to the successful alignment of Elevation with its investors and stakeholders, supporting both sustainable returns and the provision of high-quality elderly care.”

Threadmark Partners Limited acted as advisor for this fundraising.

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Disclaimer
This press release is issued by Elevation Advisors LLP, which is authorised and regulated by the Financial Conduct Authority. The information contained herein is provided for informational purposes only and does not constitute investment advice, an offer to buy or sell any financial instrument, or a solicitation of any kind. Past performance is not a reliable indicator of future results. Any forward-looking statements or projections are based on current assumptions and subject to risks and uncertainties that may cause actual outcomes to differ materially. This communication is intended solely for professional clients and eligible counterparties as defined by the FCA. It is not directed at retail clients and should not be relied upon by any person who does not meet the criteria for professional client classification. Investments may involve significant risk, including the potential loss of capital. Recipients should seek independent financial advice before making any investment decisions. While reasonable care has been taken to ensure the accuracy of the information provided, Elevation Advisors LLP makes no representation or warranty as to its completeness or reliability and accepts no liability for any loss arising from reliance on it.