Elevation acquisition of 11 care home properties and leaseback to Berkley Care Group
Elevation Advisors LLP (“ Elevation”) is pleased to announce that Elevation Healthcare Properties (“ EHP”), a healthcare real estate fund advised by Elevation, agreed to acquire from Clariane S.E. (“ Clariane”) 11 properties and simultaneously lease them back to Berkley Care Group (“ Berkley Care”). Concurrently, Berkley Care’s existing leadership team agreed to acquire the operations of Berkley Care operations from Clariane. The total consideration to Clariane was £207 million. In line with EHP’s existing strategy, the properties are let to...