Home REIT hits back at mismanagement accusations

investment

Homeless housing investor denies its tenants aren’t paying rent

Housing provider for the homeless Home REIT has hit back at serious accusations of financial mismanagement by a US research house that caused it to delay publication of its results at the end of last week.

The £11.7m-turnover investor in existing and new build housing for the homeless was accused last week by Viceroy Research of not bringing in cash and of letting its properties to tenants that “cannot afford rent, have not been paying rent, are in administration, are run by bad actors, or simply do not provide social housing services.”

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