MGT investment management

MGT appoints executive director to lead residential expansion

MGT Investment Management has appointed Adina David (pictured above) as executive director, as the business looks to increase its exposure to the UK BTR sector.

As a shareholder and member of MGT’s executive team, Adina will help drive the company’s growth and support its expansion.

She will be responsible for building out a rental living strategy, encompassing multi-family and single-family housing.

She will also work alongside the firm’s three founders in shaping and evolving the company’s ESG policies, which will focus on integrating technology to enhance health and wellbeing and to challenge conventional thinking around design, while also prioritising social value measurement across new developments.

Adina has significant experience in financing, design, development and the operation of different living real estate asset classes, having previously held senior roles at various companies, including The Collective, and, most recently, Greystar.

In addition, she also played a prominent role with Urban Land Institute’s work to promote emerging living real estate sectors, and founded Ladies in Real Estate, a networking group promoting mentorship and support for future industry stars. 

Adina’s appointment follows MGT securing initial equity from a mix of domestic and international investors for a new £1bn rental living investment vehicle, which will forward fund or purchase multi- and single-family housing assets around London and the South of England. 

Commenting on her appointment, Adina said: “Spearheading MGT’s rental living strategy will allow me to deliver more housing options to a wide range of residents, as well as continue to drive innovation in the living asset classes. 

“MGT has built up an impressive track record and being able to offer global expertise in this asset class will help us to move quickly and identify exciting new opportunities across a segment that remains critically under-served across the UK.”

Henry Morris, managing director at MGT, added: “Adina will play a central role in our ambitious plans to significantly grow our rental living portfolio through a new £1bn investment vehicle.

“Her experience within several vertically-integrated businesses will prove invaluable as we look to fund institutional-grade, best-in-class schemes. 

“We believe that injecting best practice around design and operations will not only create better homes for our future residents, but also a significant uplift in performance for our capital partners.”

MGT, which has existing backing from the Baupost Group and Oaktree Capital, has a £1.4bn stabilised and development portfolio of over 2,000 homes, with projects underway in Reading, as well as Battersea and Greenwich in south London.

The company recently completed a £100m debt funding deal with Deutsche Bank, which builds on previous agreements with AIG and Homes England.

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