Investment manager AlphaReal has structured and invested £33 million of long income real estate-backed investments on behalf of the retirement company Just Group. The ground rent investment provides long-term finance for a healthcare operator which supports children and adults with acute specialist care needs.

The investments have been originated and structured to offer long-dated, inflation-linked cash flows secured against healthcare facilities providing social infrastructure.

The 33 facilities, located across the UK, provide care facilities for children and adults with learning disabilities, trauma and complex needs.

Gordon Smith, fund manager at AlphaReal said: “We are delighted to continue to work in partnership with Just Group to deliver secure income investments. AlphaReal’s origination and structuring has created high-quality cash flows that deliver a favourable risk adjusted return while also supporting important social infrastructure”.

Michael Glaser, origination director at AlphaReal, added: “This ground rent investment offers secure, long-dated, inflation-linked cash flows to our capital partner, the retirement specialist, Just Group, while providing long-term financing solutions to businesses and real estate owners”.

Nenna Gilmour-Platt, head of investment strategy at Just Group commented: “We help people achieve a better later-life, that’s our purpose and why we exist. Investments like this help us fulfil that purpose by providing long-term income for our customers, and at the same time support for essential healthcare services to communities around the country. We’re pleased to add this to the portfolio of healthcare and childcare investments we’ve completed with AlphaReal across the UK.”