The PRS Reit PLC

The first quoted Real Estate Investment Trust to focus on new-build rental houses for families

Sigma is the founder and architect of The PRS REIT plc, the first quoted Real Estate Investment Trust (“PRS REIT”) to focus on family houses for the private rented sector (“PRS”).

Investors in the PRS REIT include global financial institutions, local authority pension funds, private wealth managers, as well as Homes England, the public body, sponsored by the Ministry of Housing, Communities & Local Government.

Listed on the Specialist Fund Segment of the Main Market of the London Stock Exchange in May 2017, the PRS REIT aims to provide investors with an attractive level of income, and capital growth, through investment in a portfolio of newly-constructed, residential PRS sites of multiple units.

Sigma’s subsidiary, Sigma PRS Management Ltd, is Investment Adviser to the PRS REIT. It is responsible for deploying the PRS REIT’s funding capacity to invest in the creation of a substantial portfolio of new-build family rental homes in accordance with the PRS REIT’s investment policy. It sources suitable investments and development sites, oversees the planning and construction processes, and manages the PRS REIT’s assets,

Sigma’s PRS property platform has enabled the rapid progress of the PRS REIT, which has first refusal on sites within Sigma’s platform. Properties are delivered with the support of platform partners, including Countryside Properties plc, Engie, Seddon Homes, Vistry Group and Homes England.

The PRS REIT plc is targeting £1bn+ assets within five years. Our pipeline for new homes continues to grow.

Figures shown as of 30 September 2020.

  • Completed homes since May 2017

    c.2,634

  • ERV of completed homes

    c.£24.3m

  • Homes under construction

    c.2,369

Sigma PRS Management Ltd is an appointed representative of G10 Capital Limited, which is authorized and regulated by the Financial Conduct Authority (FRN:648953).

 

Sigma has its own rental brand, ‘Simple Life’, through which the new homes for The PRS REIT plc are typically let. The brand has been created to set a new gold standard in the private rental market. Visit the Simple Life UK consumer website: simplelifehomes.co.uk

Visit the PRS REIT plc Website

theprsreit.com