UK: The UK Apartment Association (UKAA) has appointed Ashley Perry, investment director at Apache Capital, as chair of its Investor and Lender Forum.
Perry replaces CBRE’s Jason Hardman, who has completed his two year period as chair.
Perry has been with Apache Capital since 2022, helping to shape the company’s investment strategies which include a 6,000+ home multi-family build-to-rent (BTR) joint venture with Moda Living. Present Made, Apache Capital’s single-family housing platform, is to be funded in a joint venture with Nuveen Real Estate. Across both its multi- and single-family strategies, Apache Capital has completed more than £1 billion of debt and equity funding transactions in the past 12 months.
UKAA’s Investor and Lender Forum, which acts as educational network for the BTR finance community, will also “create a committee that brings together pre-eminent UK BTR lenders and investors to help broaden the sector’s appeal to a wider selection of lenders”.
The committee is made up of leading representatives of the BTR investment community, including Realstar, Lloyds Banking Group, CBRE, Bridges Fund Management, Get Living, Invesco, Patrizia and M&G Real Estate.
The Investor and Lender Forum will also support the UKAA’s expansion into the single-family rentals (SFR) sector, following the creation of a formal partnership with the British Property Federation (BPF) last month.
Perry said: “The Investor and Lender Forum has made fantastic progress in the last two years, being an important educational, networking and knowledge-sharing platform that supports the wider objectives of the UKAA. Professional rental housing is one of institutional capital’s most favoured asset classes in the UK, with organisations such as the UKAA and BPF helping to shape a favourable policy climate that lowers the barriers to entry and maximises the potential of the build-to-rent and single-family housing sectors.”
Brendan Geraghty, CEO, UKAA, said: “We thank Jason Hardman for his support and service to the UKAA as former-Chair of the Investor and Lender Forum and value his continued contribution to the new committee. The UKAA warmly welcomes Ashley Perry as the new Chair; a tireless advocate for the UK BTR sector and through his role at Apache Capital, an early pioneer in BTR that has been behind a string of landmark deals, will provide invaluable insight to the members of the Investor and Lender Forum.”
