What Apache Capital does

Apache Capital Partners is a London-based, privately owned vertically integrated investment manager, developer and operator of UK rental living, founded in 2008 by John Dunkerley and Richard Jackson. The firm manages approximately £4.1bn in residential assets and operates two core platforms: a multi-family build-to-rent (BTR) joint venture with operating partner Moda Living (approximately £2bn GDV and 6,000 apartments across Manchester, Birmingham, Liverpool, Edinburgh, Glasgow, Leeds and Brighton & Hove), and Present Made, its wholly-owned single-family housing BTR platform (approximately £1bn and 2,000 homes, anchored by the Eddington development in Cambridge). Apache historically invested in purpose-built student accommodation (1,750+ beds) but has fully exited that sector, with disposals including Paris Gardens (£61m to LetterOne), Brunswick House (£38m to Cambridge County Council) and Cumberland Place (£30m to City Developments Limited).

The firm raises equity from global institutional investors through long-term joint ventures — most notably KKR (£610m equity into a £1.7bn pipeline), Harrison Street and NFU Mutual (seven-scheme JV), and Nuveen Real Estate (Present Made programmatic JV with Cambridge University) — and supplements this with a diversified debt stack from BentallGreenOak, Goldman Sachs, LaSalle, Deutsche Bank, Wells Fargo, pbb Deutsche Pfandbriefbank and Gatehouse Bank. Revenue mechanics combine long-term rental income from owned and JV-operated assets, asset disposal/exit returns, and development management fees. The company is FCA-regulated as an Appointed Representative of Khepri Advisors Ltd (FRN 767074).

Apache's competitive positioning centers on vertical integration across invest, develop and operate; market-leading ESG credentials (GRESB score of 86 with 4- and 5-star ratings, Fitwel 3-star for Hove Central, Planet Mark carbon-neutral certification); and a leadership team drawn from Grosvenor, GE Capital Real Estate, BPIM, JLL, Lendlease and Watkin Jones. With 51-100 employees, recent senior hires through 2024-2026 across CFO, finance, operations and legal functions, and active expansion into the Oxford-Cambridge Arc single-family rental market, the firm is in a sustained build-out phase.

Name

Apache Capital

Legal name

Apache Capital Partners Limited

Website

https://apachecapital.co.uk

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Apache Capital Partners is a London-based, vertically integrated investment manager, developer and operator of UK rental living, managing approximately £4.1bn in residential assets across multi-family and single-family build-to-rent platforms for global institutional investors.

Ownership category

akta.pro rank

Product category

Build-to-Rent Real Estate Investment Management

NAICS

Real Estate Credit (522292), Lessors of Residential Buildings and Dwellings (53111), Lessors of Real Estate (5311)

SIC

Investors, Nec (6799), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)

Keywords

• Build-to-rent investment
• Multifamily housing platforms
• Single family rental
• Real estate investment management
• Residential property development

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Rental Income: Long-term rental income from multi-family apartments, single-family homes, and student accommodation. Properties are owned and operated by Apache Capital and partners, with residents paying monthly rent that includes amenities and services.
2. Asset Disposal/Exit Returns: Apache Capital exits stabilized assets to institutional investors, generating capital gains. Examples include sale of Cumberland Place to City Developments Limited for £30m, Paris Gardens to LetterOne for £61m, and Brunswick House to Cambridge County Council for £38m.
3. Development Management Fees: Fees earned through development and delivery of BTR schemes in partnership with Moda Living and other developers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Apache Capital is a vertically integrated investment manager, developer, and operator of UK rental living, raising equity from global institutional investors through joint ventures to develop, deliver, and operate premium build-to-rent multifamily housing (via the Moda Living JV) and purpose-built single-family housing for rent (via the Present Made platform). The firm manages approximately £4.1bn of residential assets across 6,000+ multi-family apartments and 2,000 single-family homes in major UK regional cities.

Product overview

Apache Capital is a vertically integrated investment manager, developer, and operator of rental living sectors. The company operates two core platforms: (1) Multi-Family Housing through a joint venture with Moda Living, managing premium build-to-rent apartment developments across UK cities including Manchester (Angel Gardens), Liverpool (The Lexington), Birmingham (The Mercian), Edinburgh (The McEwan), Glasgow (Holland Park), and Brighton & Hove (Hove Central); and (2) Present Made, a wholly-owned single-family housing platform delivering purpose-built homes for rent in suburban areas, primarily in the Oxford-Cambridge Arc. The company previously operated in student accommodation (now fully exited) and offers ESG strategy documents. Current portfolio includes approximately £4.1 billion in residential assets across over 6,000 multi-family units and 2,000 single-family homes.

Differentiator

Problem solved

Functional benefit

Brands

• Present Made: Apache Capital's wholly-owned single-family housing platform and the UK's first vertically integrated single-family BTR platform. Present Made delivers purpose-built and designed family rental homes, targeting net zero operational carbon with ESG-driven design using modern methods of construction.

Products and services

• Multi-Family Housing Platform (Moda Living JV) Vertically integrated build-to-rent apartment platform delivered through Apache Capital's joint venture with operating partner Moda Living. Provides premium, professionally managed multifamily rental apartments with hotel-style amenities (concierge, gyms, co-working, resident lounges) and on-site management across UK regional cities including Manchester (Angel Gardens), Liverpool (The Lexington), Birmingham, Edinburgh, Glasgow, Leeds and Brighton & Hove (Hove Central). Targeted at institutional investors seeking institutional-grade BTR exposure and at urban professional and family renters seeking amenity-rich long-term rental homes.
• Present Made Single-Family Housing Platform Wholly-owned, vertically integrated single-family housing platform delivering purpose-built and designed smart family homes exclusively for rent in suburban locations, primarily in the Oxford-Cambridge Arc. The UK's first branded vertically integrated single-family BTR platform, targeting net zero operational carbon with ESG-driven design using modern methods of construction, GRESB 5-star accredited. Operates a JV with Nuveen Real Estate for programmatic development including Present Made of Eddington in Cambridge.

Quantifiable outcome

• GRESB score of 86 and 5-star rating for Present Made Eddington scheme
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• University of CambridgecoreStrategic or Co-development Partner · 1 March 2024Partnership for Present Made of Eddington development as part of University's 150-hectare North West Cambridge masterplan. Includes 3,000 homes, 2,000 student beds, and 100,000 sqm of employment space.
• Hove to Homes for Brighton & HoveminorOthers · 14 January 2024Land sale agreement in Hove to Homes for Brighton & Hove, supporting affordable housing delivery in the area.
• Audley GroupminorStrategic or Co-development Partner · 1 November 2021Joint venture to deliver £125m luxury retirement village on Nightingale Lane, Clapham. One of first retirement villages in central London. Project stabilized and exited.
• Moda LivingcoreStrategic or Co-development Partner · 1 September 2021£1bn joint venture to develop, deliver and operate a leading premium BTR portfolio with approximately 5,000 units and GDV of £1 billion across UK regional cities. Moda Living serves as developer and operator while Apache Capital provides majority of funding. Partnership created one of the largest BTR platforms in the UK.
• Grosvenor Britain & IrelandminorStrategic or Co-development Partner · 1 September 2021Off-market acquisition of Fountainbridge site from Grosvenor for £215m BTR village development in Edinburgh.
• Present MadecoreStrategic or Co-development Partner · 1 May 2021Wholly-owned single-family housing platform delivering UK's first purpose-built and designed single-family homes for rent. £1.6bn development pipeline with 3,000+ homes across South East England.
• Peel GroupminorStrategic or Co-development Partner · 1 January 2018Partnership for The Lexington development in Liverpool as part of Peel Group's £5.5bn Liverpool Waters regeneration masterplan.

Scale indicators15 records

Recent moves14 records

Expansion highlights5 records

Broad incumbents

• British Land: British Land is a UK-listed REIT pivoting into BTR (e.g. Aldgate Tower). Its capital scale, public-market access and emerging BTR focus make it a directly comparable peer for residential rental living strategy.
• Legal & General Capital (BTR): Legal & General Capital operates one of the UK's largest BTR portfolios (e.g. The Oaklands in Manchester and Portsmouth). It is a directly comparable institutional-scale UK BTR investor with overlapping LP relationships (UK pension capital).
• Greystar Real Estate Partners: Greystar is the largest global BTR operator with significant UK expansion (it acquired Telford Homes' BTR interests). It is comparable to Apache as a global BTR institutional capital partner/operator competing for UK regional BTR stock.
• M&G Real Estate: M&G Real Estate manages >£35bn of UK real estate including Purpose-Built Student Accommodation and Build-to-Rent mandates. As a comparable UK institutional capital allocator in residential, it overlaps with Apache's institutional customer segment.
• PEAK (Patrizia) UK Living: Patrizia operates the PEAK platform — a UK build-to-rent investment and development platform. It is a directly comparable institutional-scale UK BTR manager competing with Apache for capital and stock.

Direct peers

• Moda Living: Moda Living is Apache Capital's strategic joint venture partner and one of the UK's largest build-to-rent developers and operators. Apache committed £1bn of equity to a JV that has built ~6,000 multi-family units; the two firms co-invest, co-develop and co-operate the multi-family BTR portfolio, making Moda the most directly comparable peer by both product and customer base.
• Get Living: Get Living is one of the UK's leading build-to-rent operators and investors, with major schemes in East Village Stratford and Elephant Central. It competes head-to-head with Apache/Moda for UK BTR residents, sites and institutional capital.
• LaSalle Investment Management: LaSalle is a global real estate investment manager and an active debt-financing partner of Apache (e.g. £150m Leeds GDV scheme). It competes for UK living-sector mandates from the same institutional LPs Apache accesses.
• Quintain: Quintain developed the 3,000+ home build-to-rent platform at Wembley Park with a global LP base (incl. Saudi Arabia's PIF). Quintain is a directly comparable UK BTR development-and-operating peer competing for the same institutional equity and prime regional sites as Apache.
• Lendlease Living: Lendlease's Living sector develops and operates urban and retirement BTR across the UK including Cricklewood and Silvertown. It is a direct peer for both multi-family BTR investment/development and capital sourcing from global LPs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/apache_capital
• LinkedInlinkedin.com/company/apache-capital-partners-limited

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apache Capital