US property giant buys UK affordable housing developer

Interesting news in the FT and Inside Housing today that  US based "Related Companies" have brought discount market sale specialist Pocket Living.  Related is owned by high profile US investor Stephen Ross. Pocket's website links to articles that are otherwise behind a pay wall. 

This is part of an interesting trend of US and foreign investment in UK development companies with a focus on specialist residential development and regeneration expertise. For example: 

Related are already pursuing a regeneration focussed JV with Argent;

PRS giant Greystar is active across the UK student and PRS markets; and

Oaktree Capital Management back Threesixty (formerly Knightsbridge student housing) and inner London developer Anthology.