Real Lettings Property Fund LP

Property fund investing in temporary accommodation for people at risk of homelessness in London.

St
Resonance.png

The Real Lettings Property Fund was developed by Resonance and the homelessness charity, St Mungo’s. The Fund provides homes for people in temporary accommodation or at risk of homelessness, helping them become more independent and enabling them to make positive developments in other areas of their lives. The Real Lettings team (part of St Mungo’s) also provides personalised coaching and support for tenants to prepare them for a successful and planned move into independent accommodation.

  • Fund size

    £57 million
  • Big Society Capital commitment

    £15 million

Key information

  • Geography

    London
  • Investment type

    Property
  • Fund manager

    Resonance
  • Investment status

    Current
  • Investment date

    2013
  • Term

    8 years

Impact

  • 257

    Number of households supported

  • 11%

    Percentage of tenants under 25

  • 57%

    Percentage of positive move-on tenants

Sustainable development goals

  • 1: No Poverty End poverty in all its forms everywhere
  • 3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages
  • 10: Reduced Inequality Reduce inequality within and among countries
  • 11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable
Freddie Waite.jpg

Freddie Waite

Investment Director
Talk to me about:
Homes and public services