Home Reit (HOME ), the suspended homeless accommodation subject to a probe into its accounts, has suffered a double blow with the collapse of two tenants accounting for over 18% of its rent roll.

The real estate investment trust has announced that community interest companies Gen Liv UK, which generated 5.7% of rents, and Lotus Sanctuary, 12.5%, have both entered creditors’ voluntary liquidation.

Lancashire-based Gen Liv UK has appointed corporate finance specialist FRP Advisory Trading to oversee its wind-down.

Home is in discussions with prospective tenants to take on new leases for Gen Liv’s and Lotus’ properties. It said arrangements had been made for existing care and support services to continue and that no resident would lose their accommodation as a result of the liquidations.

Last month before its annual general meeting Home Reit put its business up for sale after an approach from Bluestar, an investment company founded by a former employee of its fund manager Alvarium.

It also revealed that less than a quarter of rent due had been collected in the November quarter and that if faced a potential refurbishment bill of £15m-£20m upgrading sub-standard buildings.

Last week Edinburgh-based RM Funds said it had approached the board with a proposal to replace Alvarium as fund manager.