Living REIT Plc (LIVE) ORD GBP0.01

Living REIT PLC, formerly Social Housing REIT plc, is a real estate investment trust. The principal activity of the Company is to provide shareholders with income, together with the potential for capital growth from investing in a portfolio of social homes. It invests in social housing properties in the United Kingdom, focusing on homes in the specialized supported housing sector which have been adapted or purpose built for people with mental and/or physical care and support needs. It invests in social housing assets in the United Kingdom. It owns approximately 500 Supported Housing properties (3,400 homes) across the United Kingdom. Its portfolio by location includes Northwest, West Midlands, Yorkshire, East Midlands, Southeast, North East, London, South West, Scotland, and Wales. Its portfolio includes Shirebrook, Falcon Street, Dallas Street, Sorogold Close, Thatto Heath, Eldon Lodge, Salem Lane, Park View Apartments, and others. Its investment manager is Atrato Partners Limited.

To achieve its investment objective, the Group invests in a diversified portfolio of freehold or long leasehold social housing assets in the UK. The Group intends to hold its portfolio over the long-term, benefitting from generally long-term upward only leases which are, or are expected to be, linked to inflation or central housing benefit policy.

• Ongoing charge1.60%
• Annual management charge1.25% of Net Assets
• Performance feeNo

The management fee, payable quarterly, will be based on a percentage of the Companys market capitalisation at the end of each quarter the Management Fee. The fee rates are as follows 1.25 per cent p.a for Market Cap up to 150m, 1.00 per cent p.a for Market Cap between 150m and 300m, and 0.70 per cent p.a for Market Cap above 300m.The New AIFMA with Atrato may be terminated by the Company on 12 months written notice at any time.