Home REIT confirms portfolio sale

Home REIT is looking to sell a £175m portfolio of all its remaining assets, after months of offloading assets piecemeal at auction. The packaging up of “Project Tide” confirms EG’s report from earlier this month that the troubled company would look to offload all of its remaining properties in one deal.  The portfolio comprises 3,688 beds across 850 assets and includes properties in England and Wales, of which 35% of the ERV and portfolio value is in London and the South East. JLL, TT&G and Allsop have been appointed to sell Project Tide, as Home REIT investment manager AEW continues to stabilise the underlying portfolio and increase rent collection.