Oxford Properties Group and Delancey Real Estate Asset Management have raised £250 million ($307 million) for DOOR S.L.P., a residential investment vehicle, co-sponsored by Oxford and a client fund advised by Delancey, from Swedish pension fund Alecta.
DOOR owns Get Living, a U.K.–based build-to-rent operator of large-scale residential neighborhoods, alongside APG and Qatari Diar. The capital will be used to invest in Get Living’s existing development pipeline and future large-scale acquisitions. Get Living owns 3,000 operational homes in the U.K. and is targeting up to 12,000 to 14,000 homes.
DOOR was seeded with £600 million ($737 million) of capital from Oxford and DV4 and purchased a 39 percent stake in Get Living in August 2018.
Oxford Properties said this is the first time DOOR has sourced funding from external investor
