Living REIT plc (formerly Triple Point Social Housing REIT plc) is a closed-ended investment company operating as a real estate investment trust (REIT) in the United Kingdom. The company's primary investment objective is to provide shareholders with stable, long-term, inflation-linked income, alongside capital growth, by investing in a diversified portfolio of UK social housing assets.
The company's business model involves acquiring newly developed or extensively refurbished properties that are adapted to meet the specific needs of vulnerable adults, including those with learning disabilities, mental health issues, or physical disabilities. These properties are then leased back to Approved Providers—typically housing associations, local authorities, or other regulated entities—on long-term, full repairing and insuring (FRI) leases. This structure ensures that the tenant is responsible for maintenance, while the REIT receives a predictable, inflation-linked rental income stream backed by central or local government funding.
Geographically, the portfolio is spread across the UK to mitigate regional risks. The company is externally managed by Triple Point Investment Management LLP, which handles the day-to-day operations, property sourcing, and asset management. As an externally managed vehicle, it does not have a traditional corporate CEO, but rather a Board of Directors overseeing the investment manager. The company recently rebranded from Triple Point Social Housing REIT to Living REIT plc to better reflect its broader focus on supported living and social housing solutions.
