Simple Life Management, the in-house operational arm of Sigma Capital, is to take control of its 3,000th Build To Rent property. All 3,000 homes are within Sigma’s own BTR portfolio.
In 2024, Sigma made the decision to internalise its lettings, property management, maintenance and customer service teams in-house, joining the existing legal, site acquisition, development management, asset management, finance and marketing teams to offer an end-to-end service.
Since then, Simple Life Management has grown significantly, with over 4,510 homes in total in its portfolio with now 3,000 completed homes and a further 1,510 under construction, bringing the total investment at cost under management to £1.06 billion, with an estimated rental value of £72m per annum.
In June of this year, the Simple Life Management team achieved a record month with over 250 property handovers, and 141 new lets.
The 3,000th home that has been handed over is at the Elgar Park development in Worcester, as part of the first phases of 2, 3 and 4-bedroom family homes. The site is mixed tenure, brought forward with delivery partner Vistry, and offers homes for open market sale through Bovis Homes and affordable housing through Bromford Housing.
This milestone arrives as Sigma continues to achieve operational scale across the UK, covering over 140 neighbourhoods with over 13,100 BTR homes delivered and contracted across all portfolios to date, with an ERV per annum of £197m.
Sigma’s Simple Life brand now encompasses over 11,400 homes for all portfolios that Sigma manages on behalf of investment partners and for Sigma’s own portfolio.
The group has a pipeline of over 19,000 units.
A spokesperson for Sigma Capital Group says: “This landmark milestone of the 3,000th property handover for Simple Life Management is an incredible achievement for the team. It has proven that our decision to bring our operations fully in house, offering an end-to-end facility, has only allowed us to scale even further and faster.
“With our pipeline continuing to grow, we’re so excited to be on this trajectory as we move towards the final quarter of the year, continuing to establish our presence as the UK’s leading BTR provider.”
