Cavendish is delighted to announce that it supported Guy Nixon, Ares and the wider Native Communities team on the sale of the business to Greystar.

Founded by Guy Nixon, Native Communities is one of the UK’s leading third-party residential and mixed-use operators. The business operates a portfolio of 37 residential and mixed-use assets, representing more than 9,500 homes across England, Scotland and Wales.

Greystar is a global leader in the investment, development and management of high-quality rental housing. The acquisition strengthens its third-party property management capability and marks a significant acceleration in its strategy to scale third-party operations across key European markets. The combined business is uniquely placed to support clients from single assets to complex, multi-country portfolios.

This transaction marks another successful engagement for Cavendish in the property management and services sector, having recently advised on the sale of CRM students to Dot Group and the sale of Qdime to Cortland.

The deal was led by Andrew Jeffs, Partner and Head of Business Services M&A, with alongside Peter Gray, El Hudson and Sam Pike.

Andrew Jeffs, Partner at Cavendish, said:

“Guy and the Native team have been pioneers in the UK’s Build To Rent sector. Their dedicated third party offering has seen accelerating traction as that market has scaled and matured. We were pleased to help them manage the strong interest from multiple acquirers and to secure Greystar as a highly strategic new owner.”