Responsible Housing REIT has announced its intention to float on the London Stock Exchange, and hopes to raise up to £250m via a placing, offer for subscription and intermediaries offer of ordinary shares.
The REIT, which aims to invest in a diversified portfolio of supported housing accommodation in the UK, will be managed by BMO Real Estate Partners and will have BMO Investment Business as its AIFM. The trust will purchase and create high-quality, fit-for-purpose accommodation for residents under several care sectors, including adults and young people with learning disabilities, mental health issues, physical disabilities, addiction, those with support needs, those in need of temporary accommodation, the elderly and other vulnerable individuals. Responsible Housing REIT will target a ...
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