Home Reit

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.

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

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

• Social housing REIT
• Homeless accommodation
• Property investment trust
• Real estate investment
• Social impact investing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Others, Personnel

Revenue model

1. 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

Core 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

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Smith Square Partners LLPminorOthers · 25 November 2025Smith 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

Broad 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

• LinkedInlinkedin.com/company/home-reit

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Home Reit