In its H2 2025 update, Elevation Healthcare Properties (EHP), a specialist private open-ended healthcare REIT focused on UK needs-based senior housing, has confirmed that a new institutional commitment has been made to EHP, following its transition to a unitised structure in Q2 2025. The investment from an unnamed global pension fund underscores continued confidence in UK real estate, said EHP in a press release, and supports the fund’s commitment to meet demand for modern, purpose-built accommodation for the senior market.
“We are excited to welcome a new investor to EHP, moving the fund into its next phase of growth,” said James Giles, investment director at Elevation. “The continued deployment of institutional capital combined with a strong pipeline of new opportunities is testament to the alignment between EHP’s strategy and its investors and stakeholders.”
EHP, advised by Elevation Advisors, a specialist investment manager in the European healthcare real estate sector, reported a 2025 year-end GAV of £857m and £940m including undrawn equity, adding a milestone 50th care home to its portfolio in Q4 2025. Following a subsequent completion in the early weeks of Q1 2026, the portfolio now comprises 51 care homes with 3,485 beds, tenanted with triple net leases to 14 top-tier national and regional operators.
“We are celebrating a significant achievement of growing the portfolio to over 50 assets, helping to address the structural undersupply of senior care accommodation in the UK,” he continued.
Of the current beds owned by the fund, 46% have been newly developed by EHP or undergone significant refurbishment to ensure high-quality environments. All leases have annual escalators with floor and cap, and the Q4 WAULT is 31.5 years.
Beyond the near-term deals in execution supported by this latest funding round, EHP has a strong pipeline to acquire or develop on a pre-let forward-fund basis new residential care homes.
EHP’s investment and Real Estate highlights for H2 2025 included the acquisition of land and a forward-funding agreement with Connaught Care to construct a new care home delivering 80 wet-room ensuite bedrooms in Felpham, West Sussex. It also refinanced its £28.2m facility with Virgin Money for a further five-year term, highlighting the support and liquidity directed to the healthcare market. The Sustainability Linked Loan is subject to sustainability KPIs in line with EHP’s ESG targets.
In addition, Practical Completion was reached with Marton Gate Manor Care Home in Bridlington – a pre-let construction with Yorkare Homes, and Lindley Park Care Home in Huddersfield (Yorks) – a development project with Torwood.
Press release: EHP Fund Confirms New Investor Commitment and Milestone 50th Asset (H2 Update) – Elevation Advisors
