Home REIT
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Home REIT asset sales lose £100m of investors’ money
So far 345 properties – or 14% of REIT’s estate – have been sold at a two-thirds discount
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Home REIT sells 153 properties at a two-thirds loss
The sales raised £24m
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Home REIT sells more properties at half price
The REIT is disposing of unwanted properties, but is proving that it overpaid
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Home REIT collects just 3% of rents
September’s rental income was just £100,000, as 97% of rents were unpaid
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Home REIT sells 137 properties at a two-thirds loss
Public auction for the properties raised £22.8m
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Home REIT takes over more leases
The REIT will get a third less rent for Redemption Project’s properties
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Home REIT tenant goes into liquidation
Supportive Homes CIC accounted for 11.3% of Home REIT’s rent bill
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Home REIT moves to replace board
Home REIT has started a succession process to replace its board of directors
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Home REIT takes over leases from key tenant
One CIC has surrendered leases on 100 properties
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Home REIT shareholders vote to ditch homelessness focus
Stabilisation plans and appointment of AEW UK were approved by 99.98% of those who voted
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Home REIT sells homes for £4.85m
The sales mark the start of a disposal strategy for the troubled REIT
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Two of Home REIT’s tenants enter liquidation
Between them Redemption Project and Serenity Support account for 12% of rents