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Evening Standard
Evening Standard
Business
Simon Hunt

Further signs of crisis at Home REIT as firm considers putting itself up for sale

(Gareth Fuller/PA)

(Picture: PA Archive)

Further signs of the precarious state of Home REIT emerged this morning after the firm warned of ‘serious issues’ facing its future and said it was exploring putting itself up for sale.

The property company, which provides sheltered housing for homeless people said it had identified ‘serious challenges in rent collection’ for December 2022 and January 2023, with only 23% of rent collected in the the quarter ending November 2022, after commissioning a report on operational performance.

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