Matter Real Estate, a residential investment management specialist, has raised £145 million ($180 million) for Placefirst, a U.K. single-family rental platform.
Matter’s core and opportunistic strategies from investors such as UBS, GCM Grosvenor and abrdn have fueled the fundraising. The funds will develop and operate more than 6,500 units.
The core, open-ended strategy will focus on high quality, diversified single-family rentals. The existing portfolio has a record of 100 percent occupancy, gross of 80 percent to net and strong rent growth, according to a news Coming from UBS Group AG as the head of strategy and business development, news release.
The opportunistic strategy will focus on developing and stabilizing single-family rental schemes in the U.K. through direct developments, joint ventures or forward fundings.
Read the full press release
