SuchHomes will acquire residential homes, chosen by potential tenants/homebuyers and screened by us, via a Special Purpose Vehicle (SPV) set up to own each home.

Each property-owning SPV will be fully owned by a closed-end Limited Partnership (LP) investment fund set up by us in the capacity of General Partner, via a Limited Liability Partnership (LLP). Capital commitments made by our investors, the Limited Partners, will be invested via the LP fund to acquire the homes.

SuchHomes will set up a Limited Liability entity as Fund (or Investment) Manager to oversee fund operations and execute investment strategy including sourcing, acquisition & asset management until the investment exit and fund liquidation. This setup will be governed by an Investment Management Agreement between the LP fund and the Fund Manager, who will have the discretion to appoint various administrative and third parties (fund administrator, legal counsel, accountants & auditors, trustees, property manager etc.) to assist with fund management.
Tenants/homebuyers will contribute at least an Initial Principal Savings (or initial deposit) equal to 3% of the Purchase Price of the chosen home into a protected Tenancy Deposit Scheme, which will provide them with a beneficial interest in the property-owning SPV, and align their interests with that of our funders. The remaining ownership percentage of the SPV will belong to the Limited Partners.

To ensure interest alignment between the General Partner and the Limited Partners, the General Partner will be paid a performance fee (carried interest) based on a percentage of the profits realised from investments. The Fund will also compensate the Fund Manager with management fees to cover fund operations.