Cain International has appointed Oliver Cummings as managing director, head of purpose-build student accommodation (PBSA), Europe.
Cummings, who has nearly 15 years’ of PBSA investment experience, was most recently investment officer and head of European student housing asset management at WP Carey and prior to that he worked for Dartmoor Capital Management.
In his new role, he will report in to Arvi Luoma, who leads Cain’s European equity strategies, and will lead Cain’s PBSA equity strategy as the company aims to build a portfolio of more than 10,000 beds across Europe in the next five years.
Luoma said: “Oliver’s appointment marks a crucial step in advancing our European equity strategy, specifically within the living sector. His expertise in PBSA across our target geographies will be vital as we aim to build a premium portfolio of 10,000 student beds within the next five years and further establish Cain’s presence in this growing asset class.”
Cummings added: “This was a unique opportunity to join a dynamic investment firm with a well-established track record and exciting plans for growth. Cain’s integrated expertise across both real estate credit and equity in the PBSA sector positions us well to make strategic moves based on a partnership approach across Europe’s core markets. I look forward to being a part of Cain’s continued evolution.”
