Risk summary

Don't invest unless you're prepared to lose all the money you invest.

This is a high-risk investment and you are unlikely to be protected if something goes wrong. Please take two minutes to read the points below before you go any further.

1. You could lose all the money you invest

A Keystone unit is a direct property purchase. Property values and rents can fall as well as rise, the operator that pays your rent could fail, and there is no guaranteed return of your capital. You should not invest more than you can afford to lose.

2. You are unlikely to be protected if something goes wrong

A direct property purchase generally sits outside the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS). If the investment fails you are unlikely to be able to claim compensation or complain to the FOS. Take your own legal and tax advice.

3. Your money is locked up — this is illiquid

There is no ready market to sell a unit quickly. Open-market resale of your titled unit depends on finding a buyer and on market conditions, and can take a long time. On the care homes a named institutional aggregator separately holds an optional, market-priced call over the unit — but you cannot force a sale and there is no guaranteed buy-back. On an off-plan unit you also receive no income between exchange and completion (typically 12–24 months).

4. Don't put all your money into one investment

Concentrating your money in a single property, sector or operator increases risk. Experienced investors usually spread their money across different types of investment.

5. The figures shown are illustrative, not promises

Any yields, rents or returns shown to certified investors are illustrative and depend on assumptions (including an independent RICS valuation per scheme and an exit that may never happen). Yields can widen as well as compress, which reduces returns. Nothing is guaranteed.

Nothing on this website is an offer or an inducement to invest. Specific figures are shown only to investors who certify as a qualified investor under the financial-promotion rules. If you are unsure whether this investment is right for you, you should seek advice from someone authorised by the Financial Conduct Authority.