LGIM Real Assets (L&G) has appointed a sixth member to its in-house Build-to-rent) BTR) team as part of its plans to build homes for renting suited to long term institutional money. The appointment of Katie Davis Maxwell from Countrywide PLC as Senior Asset Manager completes the initial formation of a core team with combined expertise in land buying, financial modeling, development and asset management.
L&G already has over 900 BTR homes in planning or under construction. Further sites are being targeted to support the growth of this UK wide platform.
Katie has previous experience in the BTR market, having previously managed the assets of the Vista PRS Fund, a dedicated residential property fund by Countrywide and Hermes. Dan Batterton, Head of the BTR team, said, “With the appointment of Katie, we have now assembled a dedicated, best-in-class Build to Rent team that allows us to add value to the acquisition, planning, development and operational stages of BTR investment.”