Elevation Advisors LLP (“Elevation”) announces that LDC Care Homes (“LDC”), a real estate property portfolio advised by Elevation, has completed the sale of 32 care homes comprising approximately 1,500 beds across the UK to Franklin Real Asset Advisors, on behalf of the Franklin Templeton Social Infrastructure Strategy.
The portfolio of assets, advised by Elevation for the past five years, was previously leased to Four Seasons Health Care (“FSHC”). Elevation was engaged by LDC’s investors in 2020 to advise on the transition of the operating assets from FSHC to six replacement operators on new 35-year FRI leases with institutional terms. Elevation has overseen the investment through to this successful sale.
Source: Press release sent 23rd of June