Henley, a U.K. private equity real estate investor, has held a first close on its new fund, Henley Secure Income Property Unit Trust (Henley SIPUT), and has completed the fund’s first acquisition for £70 million ($90.9 million).
Henley SIPUT had its first close in July 2017 and is seeking to raise £400 million ($519.3 million) within the next six months. It will focus on the underserved but fast growing supported housing sector, targeting residential investments around the United Kingdom for the provision of long-term homes for vulnerable adults.
The investment strategy will seek to acquire assets on long-term leases to HCA registered providers with ASTs (Assured Shorthand Tenancies) in place for qualifying adults, whose rents are met through housing benefit. There will be particular emphasis on assets that have undergone development upgrades tailored to meet the specific care requirements of each tenant.
A core long-term income fund, Henley SIPUT aims to de
