Home Reit finds place of its own in London with float plan – The Times

An investment vehicle targeting a 7.5 per cent annual return from homeless shelters has announced plans to raise £250 million from investors and to float in London next month.

Home Reit, which has the support of Shelter, the charity, hopes to tap funds with a social purpose, as well as retail investors, and will be the first real estate investment trust to float since 2018.

It aims to invest in accommodation for homeless people, including inmates leaving prisons, women fleeing domestic violence and people with mental health problems, and to let it to housing associations and charities.

More than 320,000 people are sleeping rough or in homeless shelters or other temporary housing, according to Crisis. Councils have a legal duty to house them.