# 1

Business Description

and Investing Strategy

The Investing Policy is that of an investment property company acquiring and holding freehold properties (and, in rare cases, long lease-hold properties) in specialised sectors of the property market. The initial and primary focus will be investing in purpose-built homes for adults with learning difficulties requiring support from carers (for example adults with autism), purpose-built care homes for the elderly and inform and converted dwellings accommodating young adults/late teens requiring extensive support from social services. The Investing Policy for the Company will also allow it to invest in other specialist areas such as wedding and conference centres, other leisure facilities and, if sufficiently non-mainstream, residential or commercial property.

The current focus of this investing policy is on property in the United Kingdom.

# 2

Specialised Investment

Property  Sectors

The areas listed above are outside of the classic investment property mainstream of commercial buildings let to businesses of good covenant on full repairing and insuring leases with five yearly upward only rent reviews. However, in many cases they can offer strong long-term security of income streams and, because they are more complex and specialised, offer higher initial yields. In many cases they also offer inflation indexed rents. If acquired on prudent debt/equity gearing ratios, they can offer attractive return on equity and the prospect of medium term capital growth as the chosen specific property category grows and becomes better appreciated by mainstream property investors.

# 3

Initial  

Programme

The Company has used its initial cash and the equity raised in the fund raising of February 2016, together with credit facilities, to make acquisitions in the target sectors. 

# 4

Property Investment 

and Management 

The Company has adopted a real estate investment trust type structure. The Board is responsible for approving the investment strategy, making investments, monitoring performance, determining dividends, organising accounting, company administration and reporting to Shareholders. The sourcing, evaluating, structuring and negotiation of the investments has been delegated to a property investment advisor. The property investment advisor is also responsible for monitoring of the investments and organising property administration and rent collection.

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