Ascend appointed to manage Carlyle’s SFH BTR portfolio

Ascend Properties has been appointed to manage Carlyle's SFH BTR portfolio, with Gatehouse Investment Management acquiring the first homes.

Ascend appointed to manage Carlyle's single-family Build to Rent portfolio | BTR News

Manager of single-family Build to Rent assets Ascend Properties has been appointed by global investment firm Carlyle to manage a new national portfolio.

Ascend will oversee all leasing and property management activity across the growing portfolio, which recently completed its first acquisition of 288 homes. Single-family Build to Rent specialist Gatehouse Investment Management acquired the first homes for the new portfolio on behalf of Carlyle.

Of the 288 homes bought in the deal, the first 66 have already been completed with the remainder due to be delivered over the next year.

“Single-family Build to Rent is an increasingly vital part of the UK’s housing mix. Our unrivalled experience, alongside our investments in proprietary technology, is defining what good management looks like, and we are hugely excited to be working on this new major mandate.”

Ged McPartlin, Managing Director (MD), Ascend Properties

This news follows Ascend’s recent appointment by the Start Living platform to manage its 700-home single-family Build to Rent platform, joining similar mandates from numerous industry-leading single-family Build to Rent portfolios.

Overlooking 7,000 homes, Ascend’s multifamily and buy-to-let capabilities bring the number of homes under its management to 11,000.