– UK, Manchester – PRS REIT plc (LON: PRSR), the closed-ended real estate investment trust, today announced the appointment of Non-executive Director Geeta Nanda as Senior Independent Director, with immediate effect.
About Geeta Nanda
Geeta Nanda joined the Board in March 2021, bringing over 30 years of property sector experience to the role of Senior Independent Director. She is CEO of Metropolitan Thames Valley Housing Association, having previously led its formation in 2017 with the merger of Metropolitan Housing Trust and Thames Valley Housing Association Ltd, where she was CEO. At MTVH, Geeta is responsible for the management of 60,000 homes, with 120,000 residents, and an ongoing new-build program of over 1,000 homes a year. She also has significant experience with PRS, having established ‘Fizzy Living’, the London PRS subsidiary of Thames Valley Housing Association Ltd in 2012.
About The PRS REIT plc
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government’s Homes England has supported the Company with direct investments. On 2 March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange’s premium segment of the Main Market. Approaching its 5,000th new rental home, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK.
For more information: https://www.theprsreit.com/
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