One of Home REIT’s non-paying tenants, Eden Safe Homes CIC, has surrendered its leases on 38 properties, the trust said in a stock exchange notice today (28 November).
Home Reit has lost more than £100 million of shareholders’ money after selling more rundown, vacant buildings for a fraction of what it paid for them only a few years ago.The struggling “landlord for the homeless”, whose shares have been suspended from trading all of this year, sold 153 properties a
Home Reit has sold more properties at a steep discount to their purchase price and has warned that it is still collecting only a fraction of rent owed.In a stock exchange update, the under-fire “landlord for the homeless” told shareholders that it would not be in a position to publish its annual ac