Home REIT faces further allegations from research house

Social housing

Source: Shutterstock/Ewelina Wachala

Home REIT is facing a call for its board to step down following further allegations from Boatman Capital Research that it was “over-optimistic in its assumptions” on the value of its portfolio.

In an open letter to Home REIT senior independent director Simon Moore, Boatman Capital Research claims the social housing group may have “significantly inflated” the value of its properties.

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