Home REIT: Beleaguered property fund value falls 60 per cent Investing Scandal-hit housing investor Home REIT has published its long-delayed 2023 annual results, revealing its property portfolio has been valued at just 40.7 per cent of its original purchase cost. The results for the year to 31 August 2023 revealed that the value of Home REIT’s assets had decreased by more than a third in a [...]
Social housing trust taken over by Home REIT’s sister fund manager Investing The board of Triple Point Social Housing REIT has replaced its investment manager with a fund house brought in to save the scandal-hit sister fund of Home REIT. In July, City AM revealed that fund house Atrato had been drafted in to drive a turnaround plan at Home Long Income Fund, which was set up [...]
Home REIT: Beleaguered trust targets lifting of trading ban Investing Home REIT has laid out its plan to apply to the Financial Conduct Authority to restore the trading of its shares, as the beleaguered trust’s chair admitted facing “very significant challenges”. The trust was launched with the intention of providing social housing to the homeless, but has been pummelled with multiple scandals over the last [...]