UK-listed real estate investment trust Home REIT has invested £47.1m (€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 £240m initial public offering (IPO) and over 40% of its £120m debt facility.

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

The company’s 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: “The 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.

”We 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.”

To read the digital edition of the latest IPE Real Assets magazine click here.