"The fact that the UK, being one of the wealthiest countries in the world, has such a significant homeless problem is frankly abhorrent and wrong," said Jamie Beale, partner at the REIT's investment adviser, Alvarium Home REIT Advisors.What is a REIT?
Local UK authorities are required to secure accommodation for people who are unintentionally homeless and in priority need through thethat passed in 2017. They are also required to provide meaningful help to any person who is homeless or at risk of becoming homeless irrespective of any priority need status.
"Early eviction causes a massive amount of destruction to both the charity but more importantly, the individuals who are then often made homeless again," Beale said. "The long term security allows the [organizations] to take ownership of that property, and really gives them time to focus and deliver on their charitable goals to people, which is very much part of the social impact rationale.
Gareth Jones, partner, fund manager and CFO at the REIT’s investment adviser, Alvarium Home REIT Advisorsstrong returns on a risk adjusted basis. This provides investors with a low-risk, inflation protected income stream.
this is terrible news