Purpose-built single-family housing (SFH) Build to Rent provider – Wise Living – announces it has completed on a successful management buyout.
Managing Director, Paul Staley heads up the new management team, focused on revolutionising the private rental sector by challenging existing standards and driving better living standards for tenants. Joining in 2011, Paul has led the development of the company into one of the most respected operators in the PRS sector.
Paul Gratton returns as Chairman to the company he helped found and is excited for its future growth.
“This is such an exciting time for Wise Living given the ever-increasing interest from institutional investors looking to invest in PRS.
“Wise Living has the most experienced management team in the sector to support this and with the new funding this buyout has unlocked, has the opportunity to significantly accelerate its growth as it looks to lead the market in the development of high quality, energy efficient homes at affordable rents.”Paul Gratton, Chairman, Wise Living
Wise Living aims to revolutionise the private rental sector by challenging existing standards, by creating and nurturing communities, and ultimately by driving better living standards for tenants.
The company has over seven years of proven expertise in delivering Build to Rent schemes. The company provides all services from under one roof – from identifying the ideal sites for renters, through to maintaining properties and communal spaces to a high standard.
Last month (March 2023), the company reported a record Net Promoter Score (NPS) of +81 in 2022, according to its recent NPS survey data analysis. This score is considered as world class.