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Lxi REIT acquires the Priory Care Home in Leeds for €9.6 million
The Board of Lxi REIT has exchanged contracts to acquire the Priory Care Home in Leeds for €9.6 million (£8.4 million), reflecting a net initial yield of 6.3% (net of acquisition costs to the company). The property is fully let to Priory Elderly Care Limited and guaranteed by its parent…