Partner Jennifer Morrissey and Associate Edward Argles were quoted in an article published today by Investment Week.
Jennifer commented on the recent collapse of a number of Home REIT’s charity / CIC tenants and the rent cover payments they have been receiving from property aggregators who have sold property to Home REIT.
Edward commented on the difficulties around obtaining exempt housing benefit, which Home REIT’s charity / CIC tenants need to obtain in order for the company’s business model to work and to accord with what investors were told about how its business model would work.
The article is available on the Investment Week website here: https://www.investmentweek.co.uk/analysis/4117333/circle-collapsing-demolished-house-lancashire-uncovered-home-reits-broken-business-model
Harcus Parker is acting for more than 150 Home REIT investors in claims for damages against various parties implicated in the scandal, including Home REIT’s former AIFM, Alvarium Fund Managers (UK) Limited, and its former Investment Adviser, Alvarium Home Reit Advisors Limited. The growing body of evidence of mismanagement at Home REIT and on the part of its advisers bolsters investor claims and supports the conclusions of our own investigations.
Institutional investors can join the claim by contacting homereit@harcusparker.co.uk.
Retail investors can join through our online registration questionnaire, which can be accessed via our dedicated claim website here: https://homereitclaim.co.uk/.