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Binuo Erth and Patrick Elias
3 min read
Vellum's Binuo Erth (left) and UPG's Patrick Elias at the Highland apartments project in Penrith. Photo: Vellum

New $1 billion fund to boost build-to-rent sector

Vellum Funds Management is partnering with Urban Property Group to launch a $1 billion fund to develop build-to-rent properties, as momentum continues to grow in the fledgling sector.

The companies this week launched The Places Build to Rent Fund, inviting investors to participate in a $132 million…