GREYKITE European Real Estate Fund I and Gatehouse Investment Management have formed a joint venture to invest in purpose-built single-family rental (SFR) homes across the United Kingdom and have acquired an initial seed portfolio across 11 sites, in the Midlands, Yorkshire and the North East, from leading housebuilder Persimmon Homes. The portfolio will be asset managed by minority partner Gatehouse Investment Management, a leading living sector investment platform, with Ascend appointed as property manager.
The joint venture will seek to partner with a range of housebuilders, including Persimmon, to deploy approximately £750 million ($973 million) assembling a scaled portfolio of 2,500 newly built, high-quality and sustainable SFR rental homes. It will focus on critically undersupplied strategic regional locations, which are benefiting from a combination of supportive economic, demographic and employment drivers. The joint venture has already secured exclusivity on a numbe
