Michael Toft appointed as senior fund manager at specialist real estate lender and investor
Octopus Real Estate has strengthened its care home fund management team with the appointment of Michael Toft as senior fund manager.
Toft will be taking a senior role and will be responsible for the day-to-day management of the team.
With over 20 years of real estate experience, he joins the company from Lothbury Investment Management, where he spent over a decade as an executive director and senior fund manager, managing institutional real estate funds, implementing a growth strategy, and expanding the flagship fund by more than threefold.
Octopus Real Estate’s market-leading care homes team currently manages a portfolio of 77 modern, purpose-built homes, including 13 properties under construction, with a market value of more than £900m.
Toft is a member of The Association of Real Estate Funds’ (AREF) ESG and Impact Investing Committee, bringing valuable experience to Octopus’ care home team as they continue to consider their investments.
Benjamin Davis, chief executive at Octopus Real Estate, said: “Having firmly established ourselves as a market leader in healthcare real estate, Michael’s wealth of experience will enable us to continue growing our portfolio of vital high-quality care homes and create opportunities for investors and operators in a market that remains significantly undersupplied.”
Toft adds: “I’m incredibly excited to be joining Octopus Real Estate and, more specifically, the growing care home team, which I consider to be a dynamic sector leader.
“I look forward to working with such talented specialists and helping to expand its portfolio of purpose-built care homes – all while maintaining a strong return record for investors and having a positive, measurable impact on society”.