Hearthstone Investment Management Ltd. (Hearthstone), has appointed Carter Jonas to provide lettings and management services on a portfolio of 113 new build residential properties across four sites in Oxfordshire, Buckinghamshire, Bedfordshire, and Northamptonshire.
Founded in 2009, Hearthstone is one of the UK's first specialist residential property fund managers. Its investment portfolio has expanded to nearly 1,000 high-quality homes in targeted clusters across the country.
Carter Jonas's Residential Portfolio Letting and Management (PLM) team is led by Andrew Walker and specialises in the management of large portfolios, which are typically owned by estates, trusts, investment funds, charities, pension funds and developers.
Hearthstone properties within Carter Jonas's remit comprise of a selection of two-bedroom and three-bedroom houses as well as one and two-bedroom apartments. Their locations were chosen for their investment potential, underpinned by strong rental demand.
Andrew Walker, Partner, Head of Portfolio Letting and Management, Carter Jonas commented: "Hearthstone's emphasis on providing a quality product and service reflects our values and we are really excited to be working with their team. As a national consultancy with a cohesive network of established regional offices, we are well placed to fully maximise the value of these properties whilst delivering a positive experience for tenants.
"Hearthstone's approach, to provide carefully chosen, good quality, well-managed properties in the Build to Rent market, has a real benefit for tenants. Their investment in well thought out housing schemes delivers quality accommodation suitable for a range of requirements, and we have already received strong demand for the first group of properties in this portfolio, with many tenants attracted to the advantages of renting a brand-new home."
Richard Otten, Director, Asset Management, Hearthstone Investment Management Ltd. said: "We are extremely pleased to be working with Carter Jonas on this group of properties. The acquisition of these homes at the end of last year marked a key moment in our strategy, that enhanced our footprint across southern England and the Midlands, and we were keen to appoint a consultancy which could support our growth in these areas. Carter Jonas's team of like-minded, established property professionals demonstrated a clear understanding of our values - with an emphasis on providing an excellent letting and management service to our new tenants - with the right balance of local knowledge and national reach."