Civitas looks to broaden range of social housing investments

Elderly care home

Social housing REIT plans to invest in ‘step down’ housing for hospital leavers to relieve pressure on the NHS.

Andrew Dawber, a director of the group’s investment adviser Civitas Housing Advisors, said it had a further £170m of debt to draw down and “could envisage” increasing its war chest to around £300m via an equity fundraising in the coming months.

Dawber added that 80% of the portfolio comprised housing for the elderly and those with autism, learning disabilities and mental health issues, but that Civitas was looking to broaden its range of investments.

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