This transaction cements and expands EHP and Berkley Care’s existing relationship. Berkley Care is a highly-regarded operator of 12 modern award-winning prime care homes across England comprising 805 high-quality beds.
Andrea Auteri, Managing Partner at Elevation said: “We carefully select operating partners who are proven to create best-in-class care home environments, have an excellent record in care and can evidence a positive impact on their respective local communities. We are delighted to extend our relationship with Berkley Care who are a certified Top Employer and are committed to continuously evolve and improve their environments and practices for staff, residents and communities. We are additionally excited to incorporate an additional 11 high-quality assets into our rapidly-growing EHP portfolio. We look forward to the partnership with the Berkley Care’s leadership team to grow the company.”
Laura Taylor, Chief Executive Officer at Berkley Care said: “We’re thrilled to be broadening our partnership with Elevation, whose values, culture and ambitions mirror our own. Berkley Care Group’s mission has always been to provide industry leading, compassionate all-inclusive care, enabling residents to live well today and thrive tomorrow. This partnership supports this mission and we’re excited to begin this new chapter.”
EHP is a leading open-ended healthcare real estate investment vehicle in prime elderly-care real estate in the U.K.. EHP owns 40 U.K. care home properties providing over 2,700 beds, tenanted to nine best-in-class care operators. EHP has a robust and comprehensive ESG strategy in place to provide a high level of environmental sustainability and positive social impact. Key to the delivery of this strategy is ensuring that all assets are future-proofed through the integration of the latest technologies and standards. The Berkley Care homes all perform at a high standard in respect of their ESG credentials with 100% achieving an ‘A’ or ‘B’ EPC rating and are anticipated to achieve BREEAM in Use ratings of ‘Very Good’ / ‘Excellent’.
EHP aims to address the structural undersupply of elderly care beds in the U.K. through the provision of high-quality modern care environments. The activities of EHP are aligned with progressive ESG and sustainability requirements including Article 8 under the Sustainable Financial Disclosure Requirements (“SFDR”) in which it is in the process of formally registering against. These properties are a vital part of the healthcare infrastructure fabric of the country and are designed to meet increasing environmental standards.
EHP was advised by CBRE, Akin Gump, Pinsent Masons and Deloitte on this transaction.