HOME WHAT WE DO INVESTMENT CASE Our Investment Case We retain a conviction that placing long-term investment capital in purpose-built properties which offer suitably modern and well-equipped environments for residents and their carers, is the right thing to do. Demographic Changes As the population of the UK grows and its age profile becomes more weighted towards the elderly through increased life expectancy, more people will find themselves needing care and support than has been the case historically. The number of over-85s, the primary users of care homes, is projected to double within the next 20 years generating an increased demand for care home residency. A recent study has concluded in excess of 100,000 new beds are required in the next 10 years. Supply of Care Homes The UK elderly healthcare market remains deeply fragmented and dominated by small owner-managed providers, many using either converted properties or older purpose-built homes. These buildings represent a large proportion of the UK's existing care home stock, yet each can present a difficult environment in which to provide effective and financially viable care. Beds in these properties continue to be deregistered by care providers as sectoral challenges are exacerbated by working in properties suffering from poor design and sub-par facilities. Opportunity Significant investment is required to provide modern homes sufficient to meet both the organic demand increase arising from demographic changes, and to replenish the closure of older stock. We believe that our modern, best-in-class homes, let to tenants who know their local market and can demonstrate a strong care ethos and excellent operational capabilities provide a compelling investment case. Our lease structures, which are long-term with upwards only rent reviews, provide a stable income obtained at attractive pricing and backed by the demographic and demand/supply imbalances. Risk Reward Spectrum Three-year portfolio total retun vs standard deviation 2013-2017 (since the inception of the IPD UK Annual Healthcare Index) Get in touch with us If you'd like to discuss funding for your project, or to see how we can work with you to improve care for the elderly. CONTACT US ABOUT TARGET WEBSITE FEEDBACK FOLLOW US ACCESSIBILITY UK STEWARDSHIP KEY INFORMATION DOCUMENT DISCLAIMER/T&C'S POLICIES INVESTOR DISCLOSURE CONTACT US © 2021 Target Healthcare REIT plc. All rights reserved.

HOME INVESTOR RELATIONS OUR PORTFOLIO Map view Grid view We invest in homes the length and breadth of the UK. Use our interactive map to explore our portfolio. Select a region East Midlands Eastern Greater London North East North West Northern Ireland Scotland South East South West Wales West Midlands Yorkshire & The Humber ABOUT TARGET WEBSITE FEEDBACK FOLLOW US ACCESSIBILITY UK STEWARDSHIP KEY INFORMATION DOCUMENT DISCLAIMER/T&C'S POLICIES INVESTOR DISCLOSURE CONTACT US © 2021 Target Healthcare REIT plc. All rights reserved.