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Tuesday 1 November 2016

We're seeking to be a long-term boring income fund, says Target (THRL) Kenneth Mackenzie: ProactiveInvestors Stocktube

Published on Nov 1, 2016
Target Healthcare are specialist investors in new and nearly-new, purpose built UK care homes and other health care assets.

Speaking to Proactive, managing partner Kenneth MacKenzie said: ''We're a long-term income fund investing in the elderly care sector. One of the fundamentals of elderly care in the UK is that there's a limited amount of really good stock and we only buy in that part of the market''.

''The number of over-85s in the UK doubles in the next 20 years so a lot more care homes are required'', MacKenzie said.

Asked about Target Healthcare's plans for 2017 he added: ''More of the same. We are seeking to be a long-term boring income fund. We're the longest income fund in the UK ... we have 29+ years of income in front of us so we're not trying to be exciting, we're not trying to knock the socks off capital values.''

http://www.4-traders.com/TARGET-HEALTHCARE-REIT-LT-12753146/

www.targethealthcarereit.co.uk/

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