NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds have acquired Gatehouse Living Group (“GLG” or “the Group”), a vertically integrated UK residential investment and management platform, from Gatehouse Bank (“GHB”). Financial terms of the transaction were not disclosed.
The Group is comprised of its investment arm, Gatehouse Investment Management (“GIM”), as well as its property management arm, Ascend Properties (“Ascend”). Together, the Group provides institutional investors with a comprehensive suite of operational services to originate and manage new build-to-rent single family housing. As a leader in the UK, the Group has established five platforms and successfully exited three, acquiring more than 5,000 homes from the UK’s largest housebuilders. Through Ascend, the Group manages more than 10,000 homes nationwide for both itself and third-party clients, nearly 4,000 of which are operated under the resident-facing white-label Ascend Living brand.
“GLG has led the growth of institutional rental housing, creating a prominent platform that strategically supports the sector and accelerates the delivery of much-needed high-quality housing throughout the UK,” said Paul Stockwell, Chief Executive Officer of GLG. “This transaction with Apollo is a testament to the strength of our holistic investment and property management platform and will support our continued expansion in the market.”
“GLG, under Gatehouse Bank’s stewardship, has established itself as a vertically integrated leader in the UK housing sector, supporting the supply of high-quality, professionally managed rental homes,” said Edward Jones, Partner at Apollo. “We look forward to working closely with management to further enhance and expand its operational capabilities and to supporting the platform’s continued success as the UK focuses on bolstering homebuilding across tenures and attracting more investment to the sector.”
GLG will continue to be led by CEO Paul Stockwell and its management team, and it will be rebranded with an announcement in due course. The Group will invest its own capital and that of third-party partners, and Ascend will maintain its property management services for external institutional portfolios.
The investment will expand upon Apollo’s investment activity in the UK housing ecosystem, which includes affiliate platform Foundation Home Loans, a specialist mortgage lender, and the fund portfolio company Miller Homes, one of the UK’s largest housebuilders.
Gibson Dunn are serving as legal counsel to the Apollo funds.
