Triple Point Social Housing REIT announces Tracey Fletcher-Ray to its Board as upcoming Non-Executive Director

– UK, London – Triple Point Social Housing REIT plc (LSE:SOHO), the specialist REIT that invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing, is pleased to announce the appointment of Tracey Fletcher-Ray as a non-executive director with effect from 1 November 2018. Tracey will also be appointed as a member of Board committees following her appointment.

Christopher Phillips, Chairman of Triple Point Social Housing REIT plc, commented: “We are delighted to welcome Tracey to the Board. We are confident that her substantial understanding of the Supported Housing market and care sector alongside her strategic business acumen will prove invaluable to the Company as we continue to focus on delivering long-term value to our shareholders and high quality, long term homes for some of the most vulnerable members of our society, at sustainable rents.”

About Tracey Fletcher-Ray

Tracey brings considerable expertise as an executive and non-executive in the care and support sectors. Tracey is currently non-executive director to L&Q Group, one of the UK’s largest Housing Associations and developers, and Managing Director of Caring Homes, a leading provider of care homes for the elderly. From February 2016, Tracey spent nearly two years as Managing Director at Berendsen PLC, a leading European textile service business, where she was in charge of developing the company’s healthcare business, strategy and growth.

From 2006, Tracey spent eight years at Bupa UK, holding Managing Director roles in the Care Home business (North of England and Scotland) which involved contracting with and providing services on behalf of local authorities and the NHS, and Bupa Health Clinics, operating as a member of the Bupa UK Board , where she spearheaded the transformation and modernisation agenda to help ensure that the £2.8 billion revenue business was repositioned and delivering on its strategic goals.

Tracey also spent six years at Barclays Bank PLC (2001-06) as Commercial Director of Home Finance and Board Director of Procurement and 13 years at ICI PLC, a chemical manufacturer, latterly as Managing/Commercial Director.

About Triple Point Social Housing REIT

The Company invests in social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-adjusted, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market. The Group’s ability to provide forward financing for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents and delivering returns to investors.

Triple Point Investment Management LLP is responsible for management of the Group’s portfolio.

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018. The Company operates as a UK Real Estate Investment Trust and is a constituent of the FTSE EPRA/NAREIT index.

For more information : http://www.triplepointreit.com

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