Home REIT PLC (GB:HOME) has released an update.
Home REIT PLC has successfully negotiated the surrender of leases for over 600 properties, which constitutes approximately 30% of their portfolio. This strategic move allows the company to directly manage these properties, ensuring enhanced rent collection and asset management opportunities. The firm assures that the current occupants will experience no changes due to this transition and is appointing Property Managers to oversee the daily operations and rent collection.
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