Lothbury Investment Management has appointed Tim Phillips as Senior Fund Manager and Director in a move that will enhance its position in the residential property investment market. Tim will be leading LIM’s expansion in this sector through both acquisitions and the realisation of potential opportunities from existing Fund assets.
Tim’s expertise will be harnessed across all LIM Funds, however his initial focus will be to promote and establish the Lothbury Combined Residential Investment Fund (LCRIF), LIM’s recently launched residential vehicle. Tim is currently appraising both potential standing asset acquisitions and development opportunities across the UK.
Tim joins Lothbury from US real estate development and construction company, The Bozzuto Group, based in Washington DC. He has a decade of experience in institutional property investment and residential development in the Mid-Atlantic US, including three years as Director of Land Acquisition for Bozzuto, operating across four subsidiary companies to source, analyse and plan mixed-use and residential schemes totalling over 1,800 units.
Prior to this, Tim spent more than six years managing a regional office of Marcus & Millichap, America’s largest national commercial real estate brokerage firm, advising domestic and international clients on property acquisition and disposition. A former Lieutenant Commander, Tim was also in the US Navy for eight years, where he focused on international operations management and political-military interface.
Tim holds an MSc in Sustainable Urban Development from the University of Oxford and an MRED in Real Estate Development from the University of Maryland College Park.
Tim Phillips said: “I am delighted to join Lothbury Investment Management. Lothbury has a very impressive portfolio and a very successful strategy of robust core assets and active initiatives. I am looking forward to working as part of the team and using my residential experience to continue to develop the business and help drive the performance of its funds.”
LIM is confident that Tim’s invaluable US experience in residential development and asset management will be a key component to the company’s success in this sector.
LIM has a growing track record of successful residential investments including student accommodation blocks in Glasgow and the newly developed scheme in Camberwell, London, plus new residential development in the Lothbury Property Trust schemes at 55 St James’s Street in London’s West End and James Street, Covent Garden.
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Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).
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