Finance

Home REIT suffers new tenant blow as it updates investors on review

By 2023-04-05T09:10:00

Housing

Source: Shutterstock/1000 Words

Troubled residential group Home REIT has suffered another blow following news that its largest tenant has slipped into arrears four weeks after entering voluntary administration.

Lotus Sanctuary, a provider of housing to vulnerable tenants that comprises 12.5% of Home REIT’s total rental income, fell into administration at the start of March after failing to secure a tax-advantaged exempt housing status.

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