One year on from the launch of retirement rentals brand, My Future Living, part of ReSi Property Management Ltd, Dominic Stead has been appointed as Property Director to lead the company in its next growth phase.
Dominic brings to the team in Taunton a wealth of experience to the retirement brand as it aims to make renting in retirement an easy and mainstream option for everyone.
His previous roles include Head of Property and Asset Management at Cheltenham Borough Council involved in the development of Affordable Housing in the borough as well as modernising the way local government utilise their property assets.
Prior to that Dominic spent 17 years with CBRE in Asia servicing clients across commercial agency, property management and investment.; His 20-year tenure in expanding markets also included 3 years as the Asset Manager at Walt Disney working on property strategies to facilitate growth in the region.
My Future Living has a portfolio of over 1,800 one and two bed rental properties in modern, purpose-built retirement communities across the UK that can be rented on assured tenancies. Dominic’s role is to develop the brand and capitalise on the growing numbers of older people choosing to rent.
According to Property Reporter[i] the number of over-50s renting property is rising, with a record-breaking 1.2 million currently in the market. Almost a quarter of the UK population is set to reach 65 or older by 2050, highlighting the potential future demand for retirement properties.
Commenting on his appointment, Dominic said: “I’m delighted to join My Future Living (MFL) at a key time on its journey to becoming a market leader in retirement rentals. We offer affordable, quality rental homes in safe and friendly communities, which meets a major need in the property market”
We make renting an easy and hassle-free later living option so people can really enjoy the next chapter of their lives. I’m very much looking forward to leading the team and scaling the business in what is becoming one of the most dynamic areas of the property market.”
MFL’s parent company Gresham House continues to investment in this vibrant and important sector.