Inspired Asset Management is hunting for a capital partner to fund the acquisition of a regional portfolio of sites it intends to turn into the UK’s first co-living REIT.
It has appointed Lacey Capital Partners to source a funding partner for the six-asset portfolio of 835 units with a GDV of £175m.
The portfolio includes a mix of co-living studios, micro-apartments and standard-sized PRS apartments located in the South East, the Midlands and the North West.
Inspired bought its first co-living scheme in June, a development in Wolverhampton of 294 studios. It says it has a pipeline of a further 1,000 units.
Inspired chief executive Martin Skinner said: “There remains huge demand from non-students for professionally managed accommodation with shared social spaces and all-inclusive lifestyle services, which is why we have an ambitious plan to create a £2bn portfolio and the world’s first co-living REIT.”
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