Touchstone has worked closely with Hearthstone Investments in developing the TM Hearthstone UK Residential Property Fund, an innovative product that allows ordinary people to invest in residential property without having to buy-to-let, thus diversifying risk. To make the fund a reality, Touchstone had to work effectively within a complex structure of auditors, administrators, banks and fund managers. To do this, we optimised our reporting and procedures to allow for a high degree of audit and regulatory oversight. In particular, we drew on past proprietary work to provide daily pricing of the fund’s units, based on the income, expenditure and liabilities of the various properties in the portfolio at any given point in time. Touchstone continues to handle all practical property management aspects associated with the portfolio, which continues to grow across the UK.
"Touchstone combine an efficient, cost-effective service with a deep understanding of the property management industry. As fund managers we rely on Touchstone to help drive strong income returns through diligent attention to detail."
“Touchstone’s core expertise in predicting operating costs and planning, marketing and managing homes has played a vital role in the success of this multi-party arrangement.”
Paul Beardmore, Manchester City Council