Home REIT Navigates Tenant Administration

Home REIT PLC (GB:HOME) has released an update.

Home REIT PLC has announced that one of its tenants, Noble Tree Foundation Limited, which accounts for about 7% of April’s rent, has gone into administration. The company is coordinating with the administrators to transfer the leases and ensure a smooth transition that won’t affect the current residents. Home REIT plans to either relet the properties to a social use provider or manage them directly to stabilize the portfolio and improve rent collection.

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