Home Reit
Home REIT plc was a UK social housing REIT that acquired and rented properties to homeless charities housing vulnerable populations. It is now in wind-down, having sold 706 properties to Patron Capital and preparing for voluntary liquidation following an SFO fraud investigation.
- Company typePublic
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Home Reit does
Home REIT plc is a UK Real Estate Investment Trust that was launched in 2020 by Alvarium Fund Managers and listed on the London Stock Exchange under the ticker HOME, raising over £850 million from public investors between 2020 and 2023. The trust's stated purpose was to acquire and create social housing accommodation in the United Kingdom, renting properties to homeless charities that in turn housed vulnerable populations including rough sleepers and veterans. Its revenue model was subscription-recurring rental income from this social housing portfolio, with a social-impact investment thesis differentiating it from conventional REITs.
The business collapsed following a January 2023 short-seller report from Viceroy Research that questioned property valuations and tenants' ability to pay rent. Trading was suspended in January 2023, AEW UK Investment Management replaced Alvarium as investment manager under a new board, and in January 2026 the UK's Serious Fraud Office launched a £300 million bribery and fraud investigation into past management, making six arrests. In March 2026 the company exchanged contracts to sell 706 properties (the majority of its portfolio) to Patron Capital for approximately £123 million, with completion in April 2026. Following FCA approval, shares were restored to LSE trading in April 2026 with a market capitalization of approximately £102.77 million.
As of mid-2026, Home REIT operates as a cash shell holding £98 million in cash with no borrowings, completing the wind-down of remaining property assets and preparing for a solvent member's voluntary liquidation. Distributions to shareholders are constrained by ongoing FCA investigation, a £1.6 million claim from Smith Square Partners over an alleged unpaid tail fee, and potential shareholder litigation through Harcus Parker Limited. The entity is in terminal decline with no active operating business.
Home Reit firmographics
Firmographics- Name
- Home Reit
- Legal name
- Home REIT plc
- Website
- https://homereituk.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Home REIT plc was a UK social housing REIT that acquired and rented properties to homeless charities housing vulnerable populations. It is now in wind-down, having sold 706 properties to Patron Capital and preparing for voluntary liquidation following an SFO fraud investigation.
- Ownership category
- akta.pro rank
Home Reit industry classification
Industry- Product category
- Social Housing REIT
- NAICS
- Rental and Leasing Services (532)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industry
- Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)
Keywords
Where Home Reit is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Home Reit business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Others, Personnel
Revenue model
- Rental income from social housing properties: As a Real Estate Investment Trust (REIT), Home REIT historically generated revenue through rental income from its portfolio of social housing properties. The company acquired and created homeless accommodation in the United Kingdom, renting properties to homeless charities and vulnerable populations including rough sleepers and veterans. The company is now in the process of solvent member's voluntary liquidation following the sale of its portfolio.
Distribution channels1 record
Home Reit product offering
Product offeringCore offering
Home REIT acquired, created, and managed a portfolio of social housing properties in the United Kingdom to house vulnerable populations including rough sleepers and veterans, generating rental income from leases with homeless charity tenants. Following an SFO fraud investigation and asset sales to Patron Capital, the company is now a cash shell preparing for solvent member's voluntary liquidation.
Product overview
Home REIT was a single-focus UK Real Estate Investment Trust (REIT) that operated as a social housing investment vehicle. The company acquired and managed a portfolio of properties intended to house vulnerable individuals including rough sleepers and veterans. The company has since entered a wind-down phase following an SFO fraud investigation, selling its entire portfolio to Patron Capital and preparing for member's voluntary liquidation. The remaining entity functions as a cash shell with no active property operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Social Housing Property Portfolio A UK portfolio of social housing properties acquired and managed to provide accommodation for vulnerable populations including rough sleepers and veterans, leased to homeless charity tenants. The portfolio is in wind-down following the disposal of 706 properties to Patron Capital for £123 million in 2026.
Quantifiable outcome
- £850 million raised from investors between 2020-2023
- +1 more outcomes
Companies that use Home Reit
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Home Reit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Home Reit partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Smith Square Partners LLPminorSmith Square Partners LLP, a financial advice firm, filed legal proceedings against Home REIT claiming £1.6 million for an alleged unpaid tail fee triggered by the company's November 2025 portfolio sales announcement. The company intends to vigorously defend the claim.
Scale indicators8 records
Recent moves9 records
Home Reit competitors and assessment
Company assessmentBroad incumbents
- Primary Health Properties: Listed UK REIT focused on primary healthcare facilities; comparable as a public-market, single-sector social-mission REIT vehicle, though serving the NHS rather than homeless charities.
- LXi REIT: UK-listed REIT focused on essential real estate, including supported living and healthcare assets, providing comparable exposure to long-lease, index-linked social-sector property assets.
- Impact Healthcare REIT: UK-listed REIT focused on healthcare and social care real estate, overlapping with Home REIT's mission-aligned real estate thesis around vulnerable populations.
Others
- Alvarium Fund Managers: Original investment manager that launched Home REIT in 2020 and is now subject of the SFO fraud investigation; relevant as the antecedent operator of the vehicle.
- Viceroy Research: Activist short-seller whose January 2023 report triggered Home REIT's collapse; relevant ecosystem participant for understanding the catalysts behind the company's wind-down.
- Patron Capital: Private equity real estate firm that acquired 706 of Home REIT's properties for £123M; a counterparty and potential comparable in the UK social housing / distressed-property space.
- AEW UK Investment Management LLP: Current investment manager of Home REIT and a major UK REIT manager; directly involved in the Home REIT wind-down and a relevant industry participant for governance comparison.
Direct peers
- Civitas Social Housing (now abrdn Social Infrastructure Trust): Listed UK REIT investing in social housing for vulnerable adults, providing the closest direct comparison to Home REIT's original model of leasing to specialist homelessness and supported-living charities.
- Residential Secure Income plc: UK-listed REIT focused on residential property leased to housing associations and local authorities, a close structural and operational comparable to Home REIT's lease-based social housing model.
- Triple Point Social Housing REIT: UK-listed REIT focused on social housing assets leased to charities and housing associations, directly comparable to Home REIT's original investment thesis and tenant base.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat2 records
Key risks6 records
Key highlights4 records
Customer concentration
Home Reit social profiles
Digital presenceHome Reit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Home Reit leadership team
Management profileNumber of profiles
Home Reit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Home Reit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Home Reit
What does Home Reit do?
Home REIT acquired, created, and managed a portfolio of social housing properties in the United Kingdom to house vulnerable populations including rough sleepers and veterans, generating rental income from leases with homeless charity tenants. Following an SFO fraud investigation and asset sales to Patron Capital, the company is now a cash shell preparing for solvent member's voluntary liquidation.
Is Home Reit a public or private company?
Home Reit is a public company. It is classified as public and is currently operating.
When was Home Reit founded?
Home Reit was founded in 2020. It employs 1 to 10 people.
Where is Home Reit based?
Home Reit is headquartered in London, United Kingdom, in the Europe region.
How does Home Reit make money?
One revenue line is on record: rental income from social housing properties.
Who are Home Reit's main competitors?
Broad incumbents on record are Primary Health Properties, LXi REIT and Impact Healthcare REIT. Others are Alvarium Fund Managers, Viceroy Research, Patron Capital and AEW UK Investment Management LLP. Direct peers are Civitas Social Housing (now abrdn Social Infrastructure Trust), Residential Secure Income plc and Triple Point Social Housing REIT.
Does Home Reit have an API?
No public API is recorded for Home Reit.
What industry is Home Reit in?
Home Reit's product category is Social Housing REIT. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of HLADAAAG, Independent Living Real Estate Owners/Operators (REITs & Management Companies). Its NAICS code is 532 and its SIC code is 6798.