Apollo Acquires Gatehouse Living Group, Adding 5,000 Homes and 10,000-Home Management
Apollo-managed funds acquired Gatehouse Living Group, a UK residential investment and management platform comprising Gatehouse Investment Management and Ascend Properties, from Gatehouse Bank. The deal expands Apollo’s UK housing portfolio by adding over 5,000 built homes and management of 10,000 residences alongside its existing mortgage and homebuilding affiliates.
1. Acquisition Overview
On April 1, Apollo-managed funds completed the acquisition of Gatehouse Living Group from Gatehouse Bank for undisclosed terms, marking a strategic entry into the UK build-to-rent sector under Apollo’s investment platform.
2. Group Composition and Assets
Gatehouse Living Group combines Gatehouse Investment Management and Ascend Properties, having acquired more than 5,000 single-family homes and managing over 10,000 rental units nationwide, including nearly 4,000 under the resident-facing Ascend Living brand.
3. Strategic Implications for Apollo
The transaction enhances Apollo’s UK housing ecosystem alongside Foundation Home Loans and Miller Homes, supports an upcoming rebrand under CEO Paul Stockwell, and strengthens its integrated investment and property management offerings for institutional clients.