UK-listed real estate investment trust Home REIT has invested 拢47.1m (鈧�55m) to buy 14 separate portfolios of properties across England.

The company, set up to provide accommodation to the homeless, said as a result of the latest acquisitions, it has now fully deployed the net proceed of its 拢240m initial public offering (IPO) and over 40% of its 拢120m debt facility.

The remainder has been fully allocated to further identified properties, Home REIT said.

The company鈥檚 combined portfolio comprises 603 properties. The acquired properties add a further 314 beds across 31 properties.

Jamie Beale, partner at Alvarium Home REIT Advisors, said: 鈥淭he company has continued to responsibly deliver on its objectives and perform strongly since its IPO in October 2020, achieving significant on the ground positive social impact whilst driving attractive sustainable returns to our shareholders.

鈥漌e are providing critically needed high-quality accommodation to those at risk of homelessness, let at low, sustainable rents to our specialist registered tenant partners, who are proven to make a difference to the people they house, care for and support.鈥�

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