Hearthstone Investments – A pioneer in UK affordable private rented housing

Hearthstone Investments pioneered institutional investing in UK affordable private rented housing. Our first fund launched in 2012 and across our funds and mandates we manage an income-generating portfolio of over 1,800 homes (and growing) across the UK

Environmental, Social, and Governance

Investing with Hearthstone helps accelarate the transition to net zero through our investments in homes with lower operational carbon footprint. Our investments also generate positive social impact through the provision of good quality and well maintained homes which are affordable to residents on average incomes, including key workers.

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Hearthstone Residential Fund

The Hearthstone Residential Fund is the latest in our line-up of institutional funds. Building on the track record of its two closed-ended predecessors, Hearthstone Residential Funds 1 and 2, it will follow a similar investment strategy. It has an open-ended structure with a perpetual life.

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Hearthstone Residential Fund 1 (HRF1)

This closed-ended fund secured equity commitments of £200 million in 2019, with the backing of seven UK local government pension schemes.

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Hearthstone Residential Fund 2 (HRF2)

This closed ended fund had its final close in December 2021 at £152m and is now in its investment phase. As HRF1, it has an income as well as an IRR objective and is ungeared.

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Figures published today by Hearthstone offer an insight into how new rental homes backed by institutional investors are delivering impact through regional investment and the provision of much needed affordable private rented housing.
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UK residential property has been ranked as one of the favoured sectors for investment according to the INREV Investment Intentions Survey 2024 report, further confirming the strong momentum that has been building for the sector over the past few year
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Hearthstone Investments contributes to, and co-sponsors, the Savills report "The Future of Build to Rent Houses".
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Institutional investors such as local government pension schemes are increasingly funding new, affordable and energy efficient private rented housing, playing an important part in decarbonising UK housing stock.
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The UK has just 564 heat pumps per 100,000 homes, which is among the lowest rates in Europe. Why is the uptake so slow in the UK?
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Hearthstone has become a member of Pensions for Purpose.
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