Real Estate Credit Investments £16.4million proceeds from sale of portfolio holding

Real Estate Credit Investments

Real Estate Credit Investments Ltd (LON:RECI) has announced the successful exit from its investment in Elivia Homes, a UK based housebuilder.

The Company first invested in Elivia (formerly Vanderbilt) Homes in 2014 and maintained its eight years investment throughout the subsequent challenges to the SME housebuilding sector, including Brexit and the Covid pandemic.

RECI’s £16.4million proceeds from the sale, which is accretive to the current NAV, adding approximately 1.0 pence to the NAV per share, will be deployed into the Company’s growing pipeline of attractive investment opportunities.

Real Estate Credit Investments’ usual announcement of its month end NAV per share will be included within the release of its next Monthly Fact Sheet, expected on or before 13 June 2022.

You might also enjoy reading  RECI 8% high dividend yield proves stable passive income investment
Find more news, interviews, share price & company profile here for:
Real Estate Credit Investments RECI

Good news travels fast (but only if you make that happen). Share on:

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email
Share on reddit
Reddit
Find more news, interviews, share price & company profile here for:
Real Estate Credit Investments RECI

AIM All Share Index