Alvarium looks to float REIT aimed at 'alleviating homelessness'

Home REIT will look to invest in a diversified portfolio of assets across the UK which will be dedicated to providing accommodation to the homeless. It will target an annual dividend yield of at least 5.5% and total shareholder returns of at least 7.5% per annum over the medium term. The accommodation assets it purchases are expected to be let or pre-let to registered charities, housing associations, community interest companies and other regulated organisations providing houses for the homeless that receive Housing Benefit or comparable funding from local or central government. The leas...