London—Dentons has advised US property investor Harrison Street Real Estate Capital on its joint venture with Apache Capital Partners focusing on the UK build-to-rent (BTR) sector. The joint venture will see Harrison Street make its first investments in BTR in the UK. As well as establishing a platform, the joint venture also closed on the financing of a development site in the iconic Liverpool docks.

Together with additional investment from NFU Mutual and Apache Capital, the joint venture intends to fund the development of up to seven premium BTR schemes across England and Scotland. The first of these development schemes is The Lexington in Liverpool.

Rob Mathias, Senior Managing Director at Harrison Street, said, "We are excited to partner with Apache Capital for this joint venture. We have been closely watching the UK residential market for some time, and are pleased to bring the experience we have acquired investing in and developing high-quality purpose-built student accommodations across the UK, to this venture."

Dentons Corporate Real Estate partner Jonathan Cantor added, "The BTR sector is one of the fastest growing in the real estate space and we are delighted to have advised Harrison Street on their entry to this market in the UK."

The Dentons team advising Harrison Street on the establishment of the joint venture with Apache Capital was led by Jonathan Cantor and included Real Estate partners Rupert Dowdell and Lewis Myers, Banking and Finance partner Simon Tweedle, Tax partner James Meakin, as well as Paul Young and Fiona Gordon, and associate Finn Boyle.

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