Urban Splash's residential fund is aiming to increase its number of homes by more than a third and expand into locations such as Milton Keynes, Cambridge, the Wirral and Plymouth.
The fund, Urban Splash 海角视频 Residential LLP (US海角视频R) – had 164 homes in its portfolio at the end of 2021, a figure which has since increased to 194 through acquisitions.
Its homes are currently spread across Manchester, Sheffield, Birmingham, Bristol and Bradford.
READ MORE: Online sales boost revenue and profits at retail giant Matalan
The fund has released its results for the period ending March 2021, announcing unlevered net annual investor returns of 9.5%.
The figures also come as the fund confirmed it has received additional equity commitments in excess of £100m.
US海角视频R also reported strong average occupancy levels of 97% over the past 12 months (98% at year-end).
Fund manager Akeel Malik said: "We are incredibly proud to record another impressive set of results.
Most Read
"Three years ago, we were working on our first fundraising round and since then we have continued to attract investment and grow our portfolio.
Get your BusinessLive news direct and all in one place
Stay in touch: BusinessLive newsletters have been re-designed to make them even better. We send morning bulletins straight to your inbox on the latest news, views and opinion. Get our breaking news alerts and weekly sector reviews too. Sign up now - it's free and it only takes a minute.
"This is particularly encouraging in the context of a challenging macroeconomic and social environment, as a result of the Covid pandemic.
"The fundamental appeal here is great design; our offering gives investors access to an award-winning collection of homes, evenly spread across the country and comprising mixed tenure – be it studio apartments to four-bedroom houses.
"The investor returns recorded this year are testament to what we are building and we look forward to further diversifying our portfolio as we move into 2022.
"Our property management team has continued to work closely with residents who are facing difficult circumstances as a result of the pandemic, and has been proactively offering support where needed.
"As a result, our rent collection rate to year end was 96%, with this figure increasing to 98% in the final quarter of the year.
"We know that there will be further challenges ahead as the world gradually adapts to life after Covid, but we are confident that our vertically integrated team will use their extensive experience to incorporate new ways of working and continue to deliver a market-leading resident experience."