Omar Al-Hasso
London, LND (UK)
Role(s):
Other
161 Living
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Startup
Location:
London
Industry:
Real Estate
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Incorporated Outside United States
Description:
We are a niche asset management company, specialising in investment in the UK, for the provision of housing for vulnerable people with supported needs. This includes for the elderly with progressive dementia as well younger people with mental or physical disabilities.
We have significant experience and very specific expertise in our field. Over the past 2 years we have developed the required structure to ensure our investment platform is robust, and barriers to entry are set high.
Our investment platform enjoys the following benefits:
* Regulated by TSA
* Low risk - backed by UK government
* Steady income producing, 25 year FRI leases
* Annual rent reviews of RPI + 0.5%
* Market severely under serviced
* Rental yields start at 10%
* IRRs of 20%+ over 3 years
In its simplest terms, we have a pipeline of identified demand (from government and care operators) for at least £100m investment over the next 5 years.
Our strategy is to list as a REIT in year 2.