⬇ Fantastic to complete the sale of the UK PRS portfolio to Citra Living Limited. This is the second SFR platform to be created, stabilised and exited by the group, setting a new transactional benchmark for the sector. And great to see Ascend Properties retained for property and leasing management on the portfolio too. #SFR #portfolio #sale #residential #realestate
📢 Gatehouse Living Group Sells SFR Portfolio To Citra Living Limited, Part of Lloyds Banking Group 📢 Excited to announce that Gatehouse Living Group has sold the UK PRS portfolio to Citra Living, part of Lloyds Banking Group. The platform is the second to be created, stabilised and exited by the group – following its sale of a portfolio in 2021 to Goldman Sachs. This latest transaction represents a new benchmark for the single-family rental sector. Under the terms of the deal, property and leasing management will continue to be undertaken by Ascend Properties, the UK’s largest third-party operator of institutional single-family rental homes, which oversees around two-thirds of the entire UK asset class. Find out more at: https://lnkd.in/eXvvEzpE #SFR #singlefamily #rental #residential #portfolio #sale #investment #realestate