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Care homes and the impact of social value at Octopus Real Estate

Octopus Real Estate works across a number of areas, including as a landlord in the senior care sector managing a portfolio of 77 modern, purpose-built homes, including 13 properties under construction; keep ready to see how social value fits into their care strategy.

Real estate is a big contributor to carbon emissions, the focus mainly is on the ‘E’ of ESG and reducing the industries carbon footprint. However Octopus are trying to push to the across the ESG spectrum, not just the E. Octopus Real Estate has a care home strategy which fundamentally meets societal needs, their strategy recently was recognised by the MSCI Inc. Annual UK and European Property Investment Awards 2020 for best performing unlisted specialist fund in the UK market.

With an undersupply of care home beds in the UK, Octopus are able to measure the number and quality of care beds they are delivering to meet this demand. They assess the number of quality care beds that they have contributed to, and compare that quarterly against the total number of new and existing registered care beds across the country. Octopus Real Estate also have our own clinical assurance team, which has oversight across all of their homes to ensure they continue to deliver quality care. The clinical assurance team provide the team with a measures of the operators' commitment, they are one of the only strategies who have this function.

Their strategy also focuses on areas where occupancy levels are predominantly achieved through residents self-funding their residency.  A future challenge is to deliver a strategy within the care home market where residents are reliant on local authority funding to meet their occupancy costs.

Octopus’ mission is to invest in people, ideas and industries that will change the world, to have a business that we should all be proud to tell our grandchildren about. To find our more about Octopus Real Estate and their care homes visit https://octopus-realestate.com/care-homes/

 

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