Downing Successfully Exits Portfolio Of Six Elderly Specialist Care Homes

Investment manager Downing has successfully exited a portfolio of six elderly specialist care homes managed by long-term joint-venture partner Care Concern Group (CCG). This follows an initial sale of five trading homes and a forward purchase agreement for the final home to a global real estate investor.

CCG will continue to operate the homes, which were acquired over a three-year period, and comprise five trading homes delivering high-quality nursing care to adults with complex mental and physical health conditions, including specialist dementia from 392 beds. The portfolio also includes a closed 80 bed care home which is being fully refurbished and will be acquired at turnkey in 2026.

Mark Gross, Partner and Head of Private Equity, Downing, said: “This exit is further evidence of the continuing demand for services supporting higher acuity, needs-based residents and testament to the quality of the complex care services our operators strive to build. This is the culmination of a successful journey with Care Concern, who will continue to provide high quality specialist care for residents in these homes.”

David Martin Smith, Managing Director, Care Concern Group said: “We are grateful for the support and strong working relationship we have formed with Downing over many years, which has culminated in another successful exit.”