Here’s why the Home Consortium (ASX:HMC) share price is in a trading halt

The Home Consortium Ltd (ASX: HMC) share price isn’t going anywhere on Friday after it requested a trading halt.

Why is the Home Consortium share price in a trading halt?

The property company requested a trading halt this morning so it could undertake an equity raising to fund a number of new acquisitions.

According to the release, Home Consortium is aiming to raise a total of $125 million via a fully underwritten placement at an issue price of $3.80 per new share.

This represents a discount of just 2.6% to its last close price of $3.90.

What is Home Consortium acquiring?

The company has agreed terms to acquire a portfolio of 6 health, education, and Government services properties for a total initial investment of $62 million….