Start Living appoints Ascend to manage SFH BTR portfolio

Start Living appoints property management company Ascend Properties to manage its single-family housing Build to Rent portfolio.

Single-family Build to Rent homes. Start Living has appointed Ascend Properties to manage its portfolio | BTR News
Single-family Build to Rent homes. Start Living has appointed Ascend Properties to manage its portfolio.

Start Living has appointed Ascend Properties to manage its 700-home single-family housing Build to Rent platform. The mandate will see Ascend Properties undertake the leasing and management activity for Start Living’s entire portfolio, which includes schemes across the West and East Midlands, Merseyside and Lincolnshire. 

The instruction brings the number of single-family Build to Rent homes managed by Ascend to over 7,000, estimated to be as much as two thirds of the entire asset class.

Including Start Living, the company also manages several single-family Build to Rent platforms in locations across the UK. Its Build to Rent and buy-to-let capabilities brings the number of homes under the company’s management to over 11,000. 

“Ascend has an unrivalled track record in the single-family Build to Rent sector, making it the natural choice for Start Living. Having seen first-hand the expertise, proprietary tech and understanding Ascend brings to its instructions, we look forward to it helping Start Living deliver a genuinely market-leading service to our occupiers.”

Paul Stockwell, Managing Director, Gatehouse Investment Management

Launched in early 2022, Start Living is a joint venture between TPG Real Estate Partners and Gatehouse Investment Management. The partnership focuses entirely on the UK single-family Build to Rent sector.

The platform will typically form part of new housing schemes developed by third-party housebuilders – and will be indistinguishable from private sale homes. Start Living will offer two, three and four-bedroom homes in areas that provide a high level of family amenities – such as schools and leisure facilities.

“Single-family Build to Rent presents specific challenges from a leasing and property management perspective, and since our pivot towards this asset class we have made significant investments in both technology and talent to deliver a truly effective platform. As the leading manager of UK single-family Build to Rent assets, it is exciting to secure this mandate from Start Living, one of the sector’s most advanced portfolios, and we look forward to driving value across its holdings.”

Ged McPartlin, Managing Director, Ascend Properties