Serving the Teesside Business Community | 89
HOME RUN
Carla Keegans (second left) and her team The Ethical Housing
Company have completed their first portfolio acquisition.
R
edcar-based The Ethical Housing
Company (EHC) has completed
the acquisition of its first portfolio
comprising 27 homes in the
Stockton area.
EHC was established in early 2018 as a
socially responsible landlord. It is buying
properties across the Teesside region in
order to provide decent and affordable
rented homes and aims to be a long-term
presence in the region.
All EHC properties are managed by
The Ethical Lettings Agency CIC – a social
lettings agency that also lets and manages
properties on behalf of other local landlords.
Demand for private rental housing in
Teesside continues to outstrip supply. By
building up a portfolio of quality affordable
homes to rent, EHC hopes to help meet
this demand – while also acting as a force
for long-term stability in the local housing
market.
Ethical Housing Company eyes further
expansion after property acquisitions
EHC founder and director Carla Keegans
said: “We’re delighted to have completed
on our first portfolio acquisition.
“Buying properties off-market and in bulk
is a great way for us to quickly increase
the number of properties we own – which
allows us to help more people in housing
need.”
Teesside-based law firm, Archers Law,
advised EHC on the acquisition. Associate
solicitor Emma Foxley said: “We were
delighted by the opportunity to work with
EHC on its first portfolio acquisition.
“EHC’s strong commitment to Teesside
aligns very closely with Archers. The
transaction required a strong team, familiar
with managing large scale portfolios and the
issues facing private landlords.”
EHC is now actively seeking to make
further acquisitions, with a focus on private
landlords who are looking to sell, possibly
as a result of new regulations and tax cuts
affecting the PRS.
Carla added: “For anyone wishing
to sell their residential property in the
Teesside area, EHC is a compelling
option.
“We are backed by a socially
motivated institutional funder called
Bridges Evergreen Holdings, which has a
simple and transparent buying process,
with fair prices and no fees.
“We make initial offers quickly, so
landlords can decide whether or not to
proceed, and can complete purchases
within a two-month period.”
For private landlords interested to
find out more, EHC is hosting an event
on Friday, September 27, at TunedIn on
Redcar’s seafront (12-2pm), when these
issues will be discussed in more detail.
Anyone who has residential property
to sell in the Teesside area can contact
Carla.
Transforming lettings & property management
for the benefit of landlords, tenants,
communities and local housing markets.
T: 01642 484845 E: [email protected]
14 Queen Street, Redcar, TS10 1AE.