Travers Smith LLP has advised Home REIT on the acquisition of a portfolio of properties that will provide homelessness accommodation in the UK, working with registered charities, housing associations, community interest companies and other regulated organisations that receive housing benefit or comparable funding from local or central government.
Home REIT, which is listed on the premium segment of the Official List of the UK Financial Conduct Authority, seeks to contribute to the alleviation of homelessness in the UK by investing in a diversified portfolio of assets across the UK. The Company aims to provide inflation-protected income and capital returns to its shareholders. Following Home REIT’s oversubscribed equity issue in May 2022, circa £227 million (88%) has already been deployed bringing the Company’s total portfolio to 11,131 beds across 2,308 properties.
Gareth Jones, Partner at Alvarium Home REIT Advisors Limited, commented: “Travers Smith has provided Home REIT with strategic advice and counsel and we thank them for their support as we continue to grow our portfolio of assets across the UK to meet the critical demand for homelessness accommodation.”
The Travers Smith team was led by partner Emma Pereira with support from senior associate Claire Parker and associate Hattie Assmundson.