Home REIT Weighs Sale as Rent Payments Slump, Brokers Quit (1)

Home REIT Plc is weighing options including a possible sale to Bluestar Group after a collapse in rent collection and a campaign by a short-seller.

The UK social housing landlord said a review of its property portfolio had “highlighted a serious deterioration in rent collections,” according to a statement Thursday.

So far the company has collected just 23% of the rent due for the quarter ending in November and said it was uncertain how much it would collect for the current period as it deals with “issues surrounding the tenants’ ability, or willingness, to pay.”

Home REIT was targeted last ...