Further signs of crisis have emerged at Home REIT after it revealed it was considering selling some of its properties to stabilise the business, which has raised concerns over a potential fire sale of assets amid shrinking liquidity.
In a stock exchange notice yesterday (5 April), the embattled trust said it "continues to explore all available options" and is "giving particular consideration" to the potential sale in the near-term of a limited number of properties. Home REIT said any sales would be conducted to "stabilise" its property portfolio, as the trust contends with rent defaults, a hefty refurbishment bill and potential valuation write-downs, following a damning report by short-seller Viceroy Research last November. Jennifer Morrissey, partner at Harcus Parker, a law firm that launched a claim on behalf o...
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