Crosslane Fund Managers
Crosslane Fund Managers is one of four internal divisions within the Crosslane Group
Crosslane has created and executed a unique business model of acquiring and developing a PBSA portfolio, with the intention of retaining the lettings and management of the properties once complete, thereby controlling the supply chain end-to-end.
Crosslane initially developed out this strategy through the creation of two special purpose structures: Crosslane Student Accommodation Fund No.1 Limited Partnership in 2009 and St. Regent Limited Partnership in 2010. Both structures are funded by a Luxembourg fund of funds that between them acquired in the open market a total of five student accommodation assets for an aggregate purchase price of almost £40 million, with four of the five properties continuing to be held by the respective investment vehicles.
Crosslane Fund Managers is responsible for managing both special purpose structures and the assets within them, with the lettings and management being performed by the Crosslane operational platform; Prime Student Living.