In December 2018, Riverside Capital seeded a new Student Housing Fund with the purchase of nine newly refurbished houses providing 61 bedrooms in Wavertree, Liverpool. Subsequently, in April 2019, the fund secured its second acquisition, 3-6
Portland Terrace, Newcastle. The Newcastle purchase added a further 44 lettable bedrooms taking the portfolio total to 105. Further purchases in Cardiff in 2020 will add additional value to the portfolio.
- Purchase price £6.26m
- Purchase date 12/2018
- Blended Net Initial Yield 7.70%