JLL has removed a material uncertainty clause from Triple Point Social Housing REIT’s property valuations, citing there is no longer uncertainty in the specialised supported housing sector.
In a market update, the REIT said JLL had advised it to remove the clause in valuations, reflecting the “timely receipt of rents in line with pre-Covid-19 levels” and “consistent” activity across the sector as a whole.
As of 5 June, the REIT had collected all of its rent due for April and 95% of rent due for May.
The group has also acquired seven supported housing schemes compromising 40 houses in total for £7.6m. Seven are in the North West, 11 in Yorkshire, five in the East of England, eight in London and the South East, and nine in the South West.
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