The Board of Civitas Social Housing PLC announced it has completed the purchase of five specialist supported living and residential care properties for a total consideration of £6.7 million (the portfolio). The portfolio includes four residential care properties in Kent, managed by Chrysalis Supported Association Limited (Chrysalis), which is regulated by the HCA, and one specialist supported living property in Luton, managed by Falcon Housing Association, also regulated by the HCA. The residential care properties in this portfolio are already being used to deliver care and the existing provider will continue to support residents. On completion, all five properties will immediately generate income with an initial net yield in line with the Company's expectations, based on the purchase price (excluding purchase costs). Each of the properties within the Portfolio is subject to a 25-year lease arrangement with rents adjusted annually in line with CPI over the full period.