Tandem brings the latest technology to Henley IM’s social housing portfolio
From 1st September 2022, Tandem has been instructed to provide property management and financial services for Henley Investment Management’s Secure Income Property Unit Trust fund. ‘SIPUT’ was established to provide a long-term, secure income stream to investors, generated from property assets with long-term leases yielding rental income bolstered by annual CPI uplifts.
Henley’s property portfolio focuses on acquiring residential accommodation for vulnerable adults, including individuals with learning disabilities, physical disabilities, or mental health conditions. Each property has a long-term lease in place with a registered provider (RP) who is responsible for housing and tenancy management. The RP’s sign service level agreements or care operator nominations agreements with care operators, who are responsible for providing care for the service users.
Technology-focused Approach | Property Management
All invoicing and treasury services for this property portfolio have been outsourced to Tandem who have introduced contemporary software applications as part of their technology-based approach. Combining MRI’s Qube property management software with asset management software Coyote means Henley IM’s investment team now have immediate access to comprehensive data on their property assets. Removing the invoicing and day-to-day management of this portfolio away from Henley IM’s in-house team means they can focus on strategic asset management issues, aided by up-to-the minute data from Coyote.
Tandem’s CFO Andy Millington commented:
“Using the latest technology and software to manage property assets in an automated, intelligent way is at the core of what Tandem provides for its clients. We are thrilled to be working with Henley IM and look forward to growing our provision for them in a smooth and seamless manner.”
For more detail on the property asset management services Tandem provides use the button below.