Elanor Investors Group is pleased to announce that the Elanor Healthcare Real Estate Fund has exchanged contracts to acquire Highpoint Health Hub, a high investment quality healthcare property located at 240 Waterworks Rd, Ashgrove, QLD for $51.9 million, reflecting a 5.75% capitalisation rate.
Since establishing EHREF in March 2020, the Fund’s portfolio has grown to over $267 million with six high investment quality healthcare real estate assets.
Elanor Investors Co-Head of Real Estate and EHREF Fund Manager, David Burgess, said: “The Elanor Healthcare Real Estate Fund continues to perform well, generating strong returns for investors. Highpoint Health Hub is a further high quality investment for the Fund being 96% occupied with well established health and wellbeing tenants.”
Elanor Investors CEO, Glenn Willis, said, “The healthcare sector continues to present high quality real estate investment opportunities with our healthcare fund being well positioned to continue to generate strong returns for investors.”
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