The PRS REIT, the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector (“PRS”), is pleased to announce the completion of its 5,000th build-to-rent home.

The Company is delighted to report that its 5,000th rental home has now been built. This has helped to take the total number of completed homes in the PRS REIT’s portfolio at 31 March 2023 to 5,010. A further 516 homes with an estimated rental value (“ERV”) of £5.2m were under way at this date. The delivery programme is now approximately 89% complete.

The estimated rental value (“ERV”) of the 5,010 completed homes in the portfolio is £52.7m per annum, 16% higher than a year ago (31 March 2022: 4,616 homes with an ERV of £45.5m per annum). Once the delivery programme has been completed, the number of homes in the portfolio will increase to approximately 5,600 homes with an ERV of c.£58m per annum.


The 5,000th home is a three-bedroom house located on the Company’s Brookfield Vale site in Blackburn, Lancashire, comprising 154 high-quality two, three and four-bedroom rental homes. The development offers views of the Pennines and is one mile from Blackburn town centre, as well as being close to good schools and public transport links. As with all the Company’s sites, it is managed under the award-winning rental brand, Simple Life, which aims to set a new, higher standard of customer care in the Private Rented Sector.


In order to mark the PRS REIT’s 5,000th home, the Company is supporting Speed of Sight, the Lancashire-based charity established by professional racing driver, Mike Newman, who was born without sight and is the fastest blind man on land and water, to provide driving experiences to blind and disabled people. The Company became involved with Speed of Sight after it was nominated by a resident in the Company’s 2021 12 Days of Christmas campaign.