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Social Housing REIT hails tenant’s compliant housing regulatory rating

ALN

Social Housing REIT PLC on Thursday said its largest lessee has received a compliant G2 V2 regulatory grading by the Regulator of Social Housing.

The London-based real estate investment company said the lessee, Inclusion Housing Community Interest Co, represents around 30% of its annual rental income.

Social Housing REIT said the judgment is a ‘landmark moment’ as Inclusion is the first mostly lease-based housing provider to receive a compliant governance and viability rating by the regulator.

The company’s board said it believes the judgment is a ‘positive development’ for the specialised supported housing sector.

It said the rating provides ‘further evidence that well-managed, lease-based providers can operate successfully within the regulatory framework while continuing to deliver high-quality homes and services for vulnerable residents’.

Social Housing REIT Chair Jos Short said: ‘We congratulate Inclusion Housing on achieving a compliant G2 V2 grading from the RSH.

‘Inclusion has been a longstanding and valued partner of Social Housing REIT and plays an important role in providing high-quality specialised supported housing for vulnerable adults across the UK.’

Shares in Social Housing REIT were down 0.3% at 70.80 pence on Thursday afternoon in London.

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