Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Lloyds Bank expands Build To Rent footprint with developer deal
Lloyds Bank has expanded its presence in the private rental sector through a deal with a developer, according to Letting Agent Today. The report describes Lloyds as having become a big Build To Rent player.
The source material available is limited to the headline and a short excerpt, so specific details of the deal, such as the developer involved, the scale of the transaction or the number of homes affected, are not stated here. Letting agents and inventory clerks seeking the full picture should consult the original article via the link above.
The growth of institutional landlords in Build To Rent continues, with banks and funds expanding directly into rental housing.
Source: Letting Agent Today