Gateway has both organic and acquisitive growth options
IFM Investors
Gateway Lifestyle is a leading player in the Manufactured Housing Estates retirement village market. Demand for affordable retirement options is growing and Gateway has both organic and acquisitive growth options. The valuation of the business is attractive at around 12x EV / EBITDA and a 6% yield. In a market where value is increasingly difficult to find, we are attracted to the combination of stable recurring income and good growth prospects that Gateway offers.
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Neil is IFM Investors’ Global Co-Head of Listed Equities, responsible for managing all aspects of the firm’s active equities investment, advisory and management functions.
Expertise
Neil is IFM Investors’ Global Co-Head of Listed Equities, responsible for managing all aspects of the firm’s active equities investment, advisory and management functions.