PRS REIT is a UK-based Real Estate Investment Trust (REIT), that invests in the portfolio of newly constructed rental properties with high quality and professionally managed buildings that targets underserved families and aims to provide investors with high and long-term income and capital growth. The trust is developing a portfolio of over 5,000 newly constructed homes located in the major towns and cities of England for approx. £900 million (gross) including gearing with the aim to help the community and to organize events for residents. The portfolios are located in the areas where their ease of access to local amenities, transport infrastructure, schools and employment areas and all its homes are let on Assured Shorthold Tenancies to qualifying tenants and that are let through Sigma’s consumer facing rental brand called “Simple Life”, which provides the variety of house types from one bedroom flats to five bedroom houses to meet tenants needs accordingly. Sigma works for the trust to continually monitoring the market and customer needs. The UK’s housing market has undersupply of houses and the demand is high which led to increase in the house prices, so the trust aim to solve this problem.
The Sigma PRS Management Ltd is the investment adviser of the trust, which is a leading provider of private rented family homes in England and is the wholly owned subsidiary of the Sigma Capital Group plc. It is engaged in the planning, development and letting the homes on the behalf of the trust. The investment adviser sources sites for the company to acquire and develop through its property delivery and management platforms that brings together building contractor partners, local authorities and government bodies.
As on 31 March 2021, the trust’s portfolio consists of 3,590 completed homes, 1,536 contracted homes and 65 completed and contracted homes located across UK. Some of its properties include: Abbotsfield, Stanley Park, Spirit Quarters, Highfield Green, Ashfield Park, Baberton grange, Base at Newhall- Phase 1 & 2, Baytree Lane, Beehive Mill, Belmont Place, Bluebell Manor, Bracken Grange, Canal side, Chase Park, Empyrean, Fornham place, East Hill Gardens at Marham Park Parcel C& D, Galton Lock, Hilton Park, and many more.
Fl 3, 1 St. Ann Street M2 7LR United Kingdom
0333 999 9926