Target Healthcare REIT has reported a 2.3% rise in portfolio value in a quarterly trading update, which also revealed chief financial officer Alastair Murrey is set to step down. The group revealed that its diversified portfolio was valued at £924.1m at the end of June, up from £903.2m at the end of March. It comprises 86 care homes and one forward-funded development site let to a total of 31 tenants. The group’s net tangible assets (NTA) per share rose 1.2% to 122.1p per share, up from 120.6p at the end of March, which is likely to be a reflection of the rise in portfolio value. Our current attractive pipeline leaves us confident that the group will be announcing further value-accretive acquisitions in the near future.”