Atlanta-based multifamily investor Cortland Investment Management LLC purchased LIV Group as part of its aim to expand into the U.K. build-to-rent market.
Leeds, U.K.-based LIV leases and operates more than 2,000 build-to-rent homes with nearly 7,000 units in the pipeline for management. LIV also operates LIV Consult, which provides advisory services for major developments throughout the U.K. and Ireland.
LIV founders Graham Bates and Helen Peace will remain in the business and will continue to be stockholders.
Cortland owns more than 55,000 rental apartments across 18 U.S. cities. The company is looking at investing approximately £4 billion to build a portfolio of at least 10,000 homes for rent in the U.K.