Business
Portfolio update: Westmoreland Supported Housing
Portfolio update: Westmoreland Supported Housing.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9673B\n Triple Point Social Housing REIT\n 13 October 2020\n \n \n \n \n 13 October 2020\n \n \n Triple Point Social Housing REIT plc\n \n \n (the \"Company\" or, together with its subsidiaries, the \"Group\")\n \n \n Portfolio update: Westmoreland Supported Housing\n \n \n The Board of Triple Point Social Housing REIT plc (ticker: SOHO) notes the Regulatory Notices published on 12 October 2020 by the Regulator of Social Housing (the \"Regulator\") in relation to Westmoreland Supported Housing Limited (\"Westmoreland\") and Trinity Housing Association Limited (\"Trinity\"). \n \n \n The Company has no leases with Trinity. The Company currently has two properties leased to Westmoreland representing less than 0.5 per cent. of the Company's current portfolio value. As stated in the Company's interim report, the Company has been working with Westmoreland to move all properties leased to Westmoreland to another Registered Provider and we expect this process to complete shortly. The Board welcomes the Regulator's ongoing engagement for the benefit of the sector.\n \n \n \n \n \n FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:\n \n \n \n \n \n Triple Point Investment Management LLP\n \n \n (Investment Manager)\n \n \n \n \n Tel: 020 7201 8989\n \n \n \n \n \n \n Ben Beaton\n \n \n Max Shenkman\n \n \n Isobel Gunn-Brown\n \n \n Justin Hubble\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Akur Limited (Joint Financial Adviser)\n \n \n \n \n Tel: 020 7493 3631\n \n \n \n \n \n \n Tom Frost\n \n \n Anthony Richardson\n \n \n Siobhan Sergeant\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Stifel Nicolaus Europe Limited (Joint Financial Adviser and Corporate Broker)\n \n \n \n \n Tel: 020 7710 7600\n \n \n \n \n \n \n Mark Young\n \n \n Mark Bloomfield\n \n \n Rajpal Padam\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The Company's LEI is 213800BERVBS2HFTBC58.\n \n \n \n Further information on the Company can be found on its website at \n \n \n www.triplepointreit.com\n \n \n \n .\n \n \n \n \n NOTES:\n \n \n \n The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-linked, long-term (typically from 20 years to 30 years), ...