Home Reit PLC said it bought an additional 183 properties in England for £84.9mln, using the proceeds of an oversubscribed share placing in May.
READ: Home Reit beats share placement target and raises £263mln
The company, which funds the acquisition of properties for homeless people, also announced it bought 33 properties for £7.4mln just before the placing.
The two purchases added 998 beds to the group’s total portfolio of 9,554 and also enhanced the company’s geographic diversification, Home REIT said.
"These acquisitions add high quality beds to our growing portfolio, which is consistent with our strategy of providing fit for purpose accommodation for people in the community facing homelessness,” said Gareth Jones, partner at Alvarium Home REIT Advisors Ltd.