US-based build-to-rent specialist Cortland has acquired LIV Group as part of its drive to grow its business in the UK.
LIV is a property management firm that specialises in BTR. It currently manages about 2,000 BTR flats and has another 7,000 in the pipeline that will be delivered by the end of 2021. It also has a consultancy business, LIV Consult, which advices on everything from design to viability of BTR schemes, and a residential block management business.
Cortland said the acquisition of LIV would help accelerate its growth plans in the UK. Cortland chief executive Steven DeFrancis said: “LIV Group shares our passion for the resident and is built upon a deep expertise in property management with a unique understanding of brand and culture. So we felt an immediate kinship and saw a great opportunity to bring our resident-first rental experience to the UK, and our purchase of LIV will help accelerate that.”
LIV’s co-founder Graham Bates said the deal would enable the firm to grow its business faster. “With Cortland’s unrivalled US experience and backing we can refine our best-in-class services and extend our offering across the country at a faster rate,” he said.