Healthcare real estate fund Elevation Healthcare Properties (EHP) has acquired from Clariane 11 properties and simultaneously leased them back to Berkley Care Group on inflation-linked, long-term leases. 

The total consideration to Clariane was £207 million.

Berkley Care operates 12 modern care homes across England comprising 805 beds.

Andrea Auteri, managing partner at Elevation said: “We carefully select operating partners who are proven to create best-in-class care home environments, have an excellent record in care and can evidence a positive impact on their respective local communities. We are delighted to extend our relationship with Berkley Care who are a certified top employer and are committed to continuously evolve and improve their environments and practices for staff, residents and communities. We are additionally excited to incorporate an additional 11 high-quality assets into our rapidly growing EHP portfolio.”

Laura Taylor, chief executive at Berkley Care said: “We’re thrilled to be broadening our partnership with Elevation, whose values, culture and ambitions mirror our own. Berkley Care Group’s mission has always been to provide industry-leading, compassionate all-inclusive care, enabling residents to live well today and thrive tomorrow.”

EHP owns 40 UK care home properties providing more than 2,700 beds, tenanted to nine care operators. 

EHP was advised by CBRE, Akin Gump, Pinsent Masons and Deloitte on the transaction.