CIVITAS SOCIAL HOUSING PLC

Description

Civitas Social Housing Plc was established in 2016 as a leading closed-ended investment company and a real estate investment trust (REIT) dedicated to investing in the social housing and healthcare sector and aims to provide care-based community housing services in UK, Civitas was founded by the founder of its investment adviser Civitas Investment Management Limited (CIM). The company acquires new build social homes on completion without taking development and financial risks, that are designed to fulfill the life-long care needs for individuals and aim to increase shareholders value through regular dividend, capital gain and positive financial returns  and has long term objectives to increase the availability of social housing, improving the quality of social housing and offering value for money to the customers, as in UK millions of people stuck on housing waiting list and trapped in long stay hospitals.

Today more than 200 properties, which is around 33% of the total Civitas portfolio, are new to the social housing sector. The company’s portfolio of properties seeks to meet the five key criteria that are required to meet the quality of social housing are Properties supported by local authority commissioners, Delivery of mid-to-high level acuity care in the properties, Properties well located in community settings, rents set at a median sustainable level that meets rent standards and quality and appropriate to suit tenants’ needs.

The company works with a number of best-in-class advisers that are PWC, Link Asset Services, JLL, Buchanan, Norton Rose Fulbright, CMS, Trowers & Hamlins, Capsticks, Liberum and Panmure Gordon and company. Civitas’s portfolio includes 644 properties, 119 care providers in 178 local authority areas located in UK that support over 4,387 Tenancies and which is segmented as newly constructed properties acquired at completion of work, newly repurposed properties acquired at completion of work and Existing built properties already part of the social housing sector and further it is subdivided according to the underlying care needs; Learning Disability and Autism, Metal Health, Acquired brain injury, Physical and sensory disability, addiction, homelessness and NHS Step-Down.

The company’s portfolio is wide range of partners, Housing Associations, Care Providers and Local Authorities.  Its housing association partners include Auckland, Falcon, Inclusion, Westmoreland, Best, Encircle, Trinity, Pivotal, Harbout Light, Chrysalis, New Walk, My Space, IKE, Hilldale and Blue Square. The care provider partners include Autism Plus, National Care Group Limited, Lifeways, PCCS, CareTech, Turning Point, Care management group and TLC care and support.