Update 11.12.2019 - Extension of offer
Below is a copy of a letter from the Student Co-op Homes team, updating on the share offer extension
Dear Student Co-op Homes Subscriber,
Thank you for investing in our community share offer. We’re very grateful for all the support we’ve received so far. As of today, members have invested over £223,000, which shows really tremendous support for this exciting new venture, enabling us to support local student housing co-ops to create safe, affordable co-op homes that help students get a better deal and a better start to their adult lives.
We’re writing to let you know that the Student Co-op Homes Board has decided to exercise its option extend the share offer until 4 February 2020.
We’ve had a great response from many individuals and organisations who’ve subscribed. We are also hoping to receive investment from a number of larger organisations and from others who are still considering investing. These often require longer lead times in their decision making – so we’re extending the offer so they don’t miss the opportunity to subscribe. This gives other investors more time to subscribe to the share offer too.
Extending the share offer means that your subscribed monies will be by Ethex for longer than we originally expected, but it will also enable your investment to have a greater impact. So thank you, once again.
It goes without saying that the more investment we receive, the more student local student housing co-ops we can help to get started and the more students we can help. In the last few months, new student co-op groups have started as far apart as Manchester and Stirling, so there is no shortage of areas where properties can be purchased with your support.
As we have extended the share offer period, you can reconsider your subscription if you wish. You can increase (or, if you wish, reduce) the amount subscribed. We hope you’ll continue supporting Student Co-op Homes and our ambitions to create a fair, ethical housing sector for students, which will also help nurture the next generation of co-operators.
We’re grateful for your support – and would really appreciate it if you spread the word about our share offer. Please share this link to our investment with your networks: www.ethex.org.uk/sch. And follow us on Twitter and Facebook @NoMoreLandlords.
Thank you for your continued support.
Student Co-op Homes Board of Directors