Student landlord - NEW fund launched

Landlords looking at the fast growing student accommodation market may be interested in the latest property investment fund launched by PILinvestments, the alternative asset fund specialist.

How to become a student landlord

The Crosslane Student Accommodation Fund NO.1 will buy a portfolio of private sector student halls in university cities across the UK. The properties will then be managed by Crosslane. The funds criteria are:

• Initial fund raise of £50 million equity

• Diversified Portfolios of suitable assets have been identified with initial pipeline available for immediate acquisition.

• Debt funding up to 67.5% loan-to- value across Fund portfolio.

• 7 year investment term.

• Targeted IRR of 12-14% based on conservative assumptions for rental growth and yield compression.

• 4% distribution per annum.

The student rental accommodation market has proved to be one of the most resilient of the property sectors during the downturn as student numbers continue to increase leading to above inflation rental increases in most areas.

Student landlord insurance - professional rates