– UK, Manchester – The PRS REIT PLC (LON: PRSR), the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector, today announced the appointment of Geeta Nanda, OBE, to its Board as a Non-executive Director, with immediate effect.
“We are delighted to welcome Geeta to the Board of The PRS REIT plc. She brings wide-ranging skills and experience, and a broad understanding of the housing market, including build-to-rent. She is widely respected for her work and has a strong track record of success. Geeta will add further depth to the Board, and we look forward to working with her as The PRS REIT plc continues to grow.” said Board Chairman, Steve Smith.
About Geeta Nanda
Geeta has over 25 years experience of working in the property sector. She is CEO of Metropolitan Thames Valley Housing Association, having previously led its creation 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 100,000 residents, and an ongoing new-build program. She also has significant experience with PRS, having established ‘Fizzy Living’, the London PRS subsidiary of Thames Valley Housing Association Ltd in 2012.
Geeta is an Advisory Board member of Cities Restart, the body dedicated to helping cities reopen following COVID-19, and a Board member of The National Housing Federation, the industry body representing providers of housing. She is also Vice-Chair and Chair-elect of G15, the group of London’s largest housing associations.
She was previously a Non-executive Director of McCarthy & Stone plc, the retirement communities developer and manager, from 2015 until its acquisition in early 2021, a Non-executive Director of The St Mungo Community Housing Association, a charity that helps the homeless, and Vice-Chair of SCOPE, the national disability charity.
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 £0.9bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government’s Homes England with direct investments.
For more information: https://www.theprsreit.com/
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