Target Advisers, a specialist adviser and property management services provider to the healthcare investment sector, has appointed a new investment director
Tim Kay joins the company following a period of sustained growth that has seen it execute on a number of investment deals, particularly in the new build care home sector.
“We are always delighted to attract professionals of Tim’s calibre to Target Advisers and his appointment reflects the growth of the business in what has been a busy year,” says Kenneth MacKenzie, managing partner of Target Advisers.
“Tim’s experience will be vital as we continue to add modern, purpose built care homes to our portfolios at the attractive yield we aim to deliver to our investors. Our ethos is ‘investing in care, delivering returns’ which reflects the deep engagement our team has with operators. We are committed to supporting the funding of best in class facilities whilst creating a more holistic experience for the front line carers we work closely with,” Mr MacKenzie adds.
Mr Kay qualified as a chartered accountant with PwC in 2000 and spent the following five years in the transaction team assisting private equity and corporate clients on planning and implementation of corporate acquisitions.
He joined Bank of Scotland in 2006 and was responsible for managing equity investments in a variety of real estate companies with a principal focus on providing further investment and delivering successful exits.
In 2009 he joined Lloyds Banking Group’s real estate debt restructuring team and more recently was part of the team that launched Scottish Widow’s long term commercial real estate debt proposition.
At Target, Mr Kay is responsible for appraising and completing new investment opportunities, the company says.