Finance

Home REIT blames investment adviser for woes following internal investigaton

By 2023-05-30T09:28:00

Social housing

Source: Shutterstock/Ewelina Wachala

The board of under-fire social housing group Home REIT has claimed investment adviser Alvarium did not inform it of problems with its portfolio, following an internal probe into alleged wrongdoings.

The probe, conducted by Alvarez & Marsal Disputes and Investigations (A&M), alleged Alvarium did not tell Home REIT about arrangements to refurbish properties or problems with overdue rent.

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