Bull, Bear & Beyond – Living REIT: executive interview

In this interview, we talk with Michael Carey and Nat Markham about Living REIT. Both are from Atrato, the external manager to the company, where Michael has responsibility for Living REIT’s overall strategy and Nat is CFO. Living REIT is the former Social Housing REIT, rebranded and with a broader investment remit that now includes a range of complementary, structurally supported living sectors alongside specialised supported housing. The new strategy offers a more diversified and resilient income base and a larger opportunity set from which to build scale, enhance cost efficiency, attract a wider pool of investors and deepen share liquidity. The company has made a strong start with the recent acquisition of a portfolio of senior living assets for £108m, in a transaction that was innovatively funded through a mix of existing cash resources, new debt and shares issued at NAV. It is expected to be high-single-digit earnings accretive in the first full financial year.

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About Bull, Bear & Beyond: Each episode features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.