We source, build and operate HMO portfolios for family offices and institutional investors in the South West of England. You bring the capital; we bring a decade of operating discipline, a proven build method and the numbers to underwrite against.
Speak to the foundersMost capital allocators have to assemble a sourcing agent, a contractor and a managing agent — and lose margin and accountability at every joint. We are all three, under one mandate.
Off-market deal flow across Plymouth, Newquay and the wider South West — a market we've bought in for a decade. Pre-acquisition technical underwriting goes beyond headline yields: fabric, plant, licensing and planning risk priced before you commit.
Fee basis: sourcing fee per completed acquisition — terms agreed per mandateEngineering-led refurbishment to our published building principles: outer shell, systems, inner shell. Extensive back-to-brick renovations delivered on our own assets, designed so maintenance runs at a fraction of industry cost for the decade that follows.
Fee basis: development management fee on delivered works — terms agreed per mandateFull operational control on the SYZO method: vetted professional tenants, preventative maintenance, live compliance, open-book monthly reporting and annual asset-level business planning. The same system that runs our own portfolio at 96% occupancy.
Fee basis: management fee on collected rent — published hereBrookfield's acquisition of a 997-bed HMO portfolio signalled the start of institutional consolidation. Meanwhile tax, licensing and energy regulation is forcing amateur landlords out — 26% of landlords are now net sellers, and 16% of 2025 property sales were formerly rented homes. Supply of licensed HMOs is structurally constrained by planning; demand from professional sharers keeps rising.
The stock being sold is exactly what we buy, fix and operate. What the sector lacks is not capital or opportunity — it's operators capable of absorbing it to an institutional standard.
The full market case →Every figure below was earned on assets we bought, built and operate ourselves — the same method a mandate would run on. Full detail on the case studies page.
Operator since 2015. A decade refining the SYZO method on the founders' own capital — in-housed maintenance, live compliance, open-book reporting.
US-qualified chartered accountant: KPMG, AEW Capital Management, then IMMO Capital overseeing c. €40M of deployment for Nuveen. Multi-asset, four continents.
Plus product, community and maintenance leadership — the full team.
Structures are agreed per partner — separate account, joint venture or forward commitment. Every mandate runs on the same spine: agreed acquisition criteria, transparent fees at each stage, open-book reporting from day one, and annual asset-level business plans. You see what we see, always.
Commercial terms and deployment capacity discussed directly — this page deliberately carries the method, not the term sheet.
A first call with Dom and Ian: your allocation goals, our current deal flow, and whether the fit is real. No deck-first theatre.
Speak to the founders