Tanglewood Care Homes sells entire portfolio

CBRE advises Tanglewood Care Homes on portfolio sale



CBRE’s Healthcare Investment Properties team has advised Tanglewood Care Homes on the sale of the latter’s entire care home portfolio.

The six care homes of the Lincolnshire-based company were sold to Elevation Healthcare Properties and M&G Care.

However, the care homes will continue to be operated by Tanglewood.

Tom Morgan, head of CBRE Healthcare, said: “This sale will allow Tanglewood to focus on growth as an operator and for continuity of care and employment for both residents and staff. 

“We were pleased to secure a sale to two funds with such strong track records in this sector.”

 


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