January 23, 2019 Movers & Shakers

Target Fund Managers appoint David Gyte

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Target Fund Managers, the external manager to Target Healthcare REIT, a UK listed specialist investor in purpose-built care homes with en-suite wet rooms, has appointed David Gyte as Asset Management Director.
Reporting directly to Scott Steven, Head of Asset Management, Gyte will support the management of Target Healthcare REIT’s existing investments; currently 61 properties and growing. He will oversee the portfolio’s performance and seek out opportunities to strengthen the portfolio by working in partnership with our tenants.

Gyte is a qualified chartered accountant and joins from PwC where he spent more than ten years. Most recently he worked as a Senior Manager within the firm’s Transaction Services Valuations Team, where he was responsible for leading complex valuation projects, covering assignments across a variety of asset classes and clients. This included assessing and reporting on the performance of property portfolios for specialist asset management companies and other operators, such as Royal Mail. Gyte holds a Master of Physics from the University of St Andrews and is ACA qualified.

Scott Steven, Head of Asset Management at Target Fund Managers, says: “David’s experience and in depth understanding of valuations and financial analysis will help support the management of our existing assets and strengthen Target Fund Managers’ Asset Management Team as we continue to grow our care home portfolio following a recent equity raise.”

Gyte says: “Target Fund Managers’ expertise in delivering quality purpose build accommodation while providing shareholders with attractive returns make it one of the most compelling specialist companies in the sector. I look forward to contributing to the Asset Management Team during an important point in their growth plans.”

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