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HIML second acquisition for HRF1

Hearthstone Residential Fund 1 (HRF1) To Acquire Portfolio Of Houses And Flats From Bovis Peer LLP.

HRF1 makes its first investments in North Eastern England and Wales.
 
London, 2 July 2018 - Hearthstone Investment Management Limited, a residential property (PRS) institutional investment manager, has announced it has exchanged contracts with Bovis Peer LLP for the purchase of a portfolio of 34 houses and a low-rise block of 19 flats for £7 million. The assets will be acquired by HRF1, a ten-year closed-end private equity vehicle investing into the private rented sector in UK regions.

The full press release can be viewed here.

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