Rent collection dwindles to 14% as further Home REIT tenant enters liquidation

Loan terms increased

James Baxter-Derrington
clock • 2 min read

Rent collection has fallen among Home REIT’s portfolio, dropping to 14%, as another tenant enters liquidation.

In the trust's monthly update, it revealed the vehicle's rent collection had taken a negative turn following last month's improvement from 3% to 18%, with just £600,000 collected in the month. Marigold Housing, which leases 15 properties, representing 0.9% of rent demanded in November, entered liquidation on 15 November 2023, appointing Path Business Recovery as its liquidator. Home REIT sells a further 153 properties at 65% loss As 30 November, Home REIT tenants in liquidation accounted for 16.3% of annual contracted rent. Jones Lang LaSalle has conducted external inspections o...

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