Any investor that wants to gauge the popularity of investing in the care homes sector could do a lot worse than look at a recent fundraising by Target Healthcare. Having identified interesting new assets to buy, the specialist investment trust embarked on a placing to raise an estimated £50 million at the beginning of September under a programme designed to help it to regularly raise new investment money.
Such was the popularity of the offer that after ten days the trust increased its fundraising to above £60 million. When the deal was completed a day later, it had raised £80 million, 60 per cent above its initial target.
Target Healthcare is a real estate investment trust created in 2013 that invests solely in modern, purpose-built