Preferred Homes, a registered provider backed by Nuveen Real Estate, has appointed Pinnacle Group to manage more than 500 extra care homes across its portfolio.
PHL creates 100% affordable extra care housing for rent, providing local authorities with a pipeline of accommodation for older people who have care needs.
Its portfolio comprises eight extra care housing developments in Leeds, Telford, Nottingham, Bicester and Shrewsbury, with two further schemes to come in the south of England.
Earlier this year it told EG that it plans to grow its portfolio five-fold over the next seven years to more than 50 schemes.
Pinnacle will provide a full management service for Preferred Homes, ranging from lettings and rent collection to maintenance administration and repairs. Alongside this, the company will undertake caretaking, cleaning and grounds maintenance.
Findlay MacAlpine, chief executive officer at Preferred Homes, said: “We knew we needed an experienced management partner that will take a resident-focused approach and ensure facilities are in great condition. We’re confident that Pinnacle will provide exactly that.
“Working alongside local authority partners and Homes England, we are ready to rapidly grow our pipeline across the country, tackle the housing crisis and provide high-quality care which supports people to live well. We’re looking forward to working with Pinnacle as our first site opens later this year and building our relationship in the years to come.”
Image © Preferred Homes
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