Target appoints asset management director

Target Fund Managers, the external manager to UK care home REIT Target Healthcare, has hired 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, which currently stands at 61 properties.

'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,' said Steven.

Gyte is a qualified chartered accountant and joins from PwC where he spent more than ten years.

'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,' said Gyte.

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