INVESTA has appointed Michael Hogg to manage its recently launched build-to-rent platform which is targeting a portfolio of over 5,000 apartments.
In the newly created position of general manager, build-to-rent, Hogg will lead the operations and property management functions of Indi that include services to Investa’s Canadian partner Oxford.
Hogg has expertise in end-to-end residential technology ecosystems and resident engagement platforms. He was most recently senior vice president, marketplace for co-living operator Hmlet in Singapore and Australia and prior to that, established and operated a real estate technology business in Asia.
“I am delighted to welcome such an entrepreneurial and experienced executive to the real estate operations team. Michael’s dynamic approach and proven track record in successfully establishing, growing and operating diverse, consumer-facing real estate businesses will add significant value to our operation and team,” said Sally Franklin, Indi’s chief operating officer, real estate.
Indi will have a focus on Sydney and Melbourne and already has 900 apartments in its pipeline at two development sites. They include the Pitt Street over-station development that will deliver 234 apartments as part of the Sydney CBD’s first build-to-rent project, as well as a $450 million development with over 700 units in the inner western Melbourne suburb of Footscray.
“As a new category, we have a fantastic opportunity to shape this new residential rental offering in Australia and I am excited to be working with this team to bring it to life,” Hogg said.
