The board of Home REIT has denied the claims made by shareholders that it had invested in assets not consistent with its socially responsible investment approach, in an RNS notice today (12 December).
In the notice, Home REIT's management said that following an internal investigation "the board reaffirms that the company's portfolio fulfils its sole focus of providing safe and secure accommodation to some of the most vulnerable in society, whilst generating shareholder value". Last week law firm Harcus Parker said it was seeking compensation from the investment trust for a group of shareholders for significant losses on their investments as they claimed the company had not followed the original investment thesis. The trust invests in the acquisition and creation of high-quality hom...
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