Home REIT faces claims by investors over 'misleading' social impact strategy

‘Vastly overvalued’ property portfolio

Home REIT is facing claims by its shareholders over misleading information on the company's social impact strategy and "vastly overvalued" property portfolio.

Law firm Harcus Parker is seeking compensation for investors for significant losses on their investments following the trust's share price plunge of more than 50% year to date and exit from the FTSE 250.  This comes after last month short-seller Viceroy Research raised doubts about tenants' ability to pay rent, the prices Home REIT paid for some of its houses and the structure which determines how much the fund managers receive in fees. The law firm said that the trust positions itself as a vehicle to deliver a positive social impact with an investment strategy to "exclusively tackle ...