Social Housing REIT Plc (SOHO) ORD GBP0.01

Social Housing REIT plc seeks to address the ongoing housing crisis by investing in the United Kingdom social housing sector, providing sustainable homes which have been adapted for adults with long-term care and support needs, including mental health issues, learning disabilities, or physical and sensory impairment. The properties it invests in provide sustainable, accommodation for adults with specific care and support requirements. It invests in social housing assets in the United Kingdom. It has 493 supported housing properties (3,421 units) across the United Kingdom, for an aggregate consideration of £573.5m. Its portfolio by location includes Northwest, West Midlands, Yorkshire, East Midlands, Southeast, North East, London, South West, East, Scotland, and Wales. Its portfolio includes Shirebrook; Falcon Street; Dallas Street; Sorogold Close; Thatto Heath; Eldon Lodge; Salem Lane; Park View Apartments, and others. The Company’s 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.