Student accommodations looks to expand into HMOs with new funding round

Student Tribe is inviting investors to participate in a fund raising round  with a target of £10 million 

Student Tribe sees the opportunity because of changes in the buy-to-let market.

Student Tribe was established in 2016 by CEO Calum MacInnes in response to the often poor standard of privately-owned shared student housing he saw when his children went to university.

Its portfolio currently consists of 15 properties in Leeds, Manchester and Birmingham, and will now add 27 homes in Manchester.

Student Tribe aims to continue adding to its portfolio over the next five years to build a brand with scale in an otherwise fragmented market.

It said it expects a good pipeline of prospective acquisitions as smaller players exit the market, due to increasingly onerous HMO licensing requirements.

The company also says that while the market for private halls of residence for first-year students has matured, the HMO market for second and third-year students has attracted much less investment.

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