Fri, 02 Oct 2026 | BUSINESS SALE
New York-headquartered real estate investment manager Sentinel Real Estate has acquired Hearthstone Investments, a UK-based investment manager specialising in affordable private rental housing, in a move that expands its UK living platform.
Terms of the deal have not been disclosed. The acquisition follows Sentinel's formal entry into the UK market in January 2026 and will see the Hearthstone team integrated into Sentinel's global platform.
Founded in 2009, Hearthstone was an early entrant in the UK affordable private rental housing sector, launching its first residential investment fund in 2012. It has raised and deployed capital on behalf of UK Local Government Pension Schemes and other institutional investors, growing its portfolio to more than 1,800 affordable rental homes across England, Scotland and Wales, representing total assets under management of over £400 million.
The portfolio spans a UK-wide footprint, from north-east Scotland to south-west England, comprising modern homes and flats aimed at addressing the undersupply of affordable rental housing for families and workers. The deal combines Sentinel's international residential investment and operating experience with Hearthstone's UK team, institutional relationships and nationwide portfolio.
Sentinel Real Estate is an independently owned investment management firm established in 1969. Headquartered in New York, it operates a vertically integrated platform spanning acquisitions, asset management and property operations, with offices in Europe, the UK and Australia.
Michael Streicker, President and Chief Executive of Sentinel, said: "Expanding to the UK represented a logical evolution of the platform that we have successfully built across the US and Australia. This corporate acquisition provides us with highly complementary business in the attractive UK living sector."
"The team at Hearthstone has a proven track record of raising, managing, and deploying capital at scale in this sector, and we look forward to working collaboratively with them to grow."
Ben Sanderson, Managing Director at Sentinel in the UK, said: "We believe strongly in UK rental housing and were prepared to build our business organically. However, we were attracted by the opportunity to accelerate our growth in the market through the acquisition of a professional, experienced team with a sizable portfolio."
Sanderson added that the acquisition would "provide a strong foundation for delivering value to our clients and capitalising on the significant investment opportunities we have identified across the UK living sector."
Cedric Bucher of Hearthstone said that Sentinel was "a firm with deep residential expertise, global resources and a long-term investment focus", adding that the combination of the two companies can "build on the Hearthstone team's achievements while scaling Sentinel's platform, enhancing its capabilities and accelerating the next phase of growth in the UK market."
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