Rented retirement home provider Birchgrove has made two appointments to its C-suite, with Marcus Hodges and Raphaël Koifman joining the team
Marcus Hodges will joing Birchgrove’s C-suite as chief operations officer, with Raphaël Koifman taking on the role of chief financial officer.
Birchgrove already operates three retirement communities in the South-East and has acquired three more sites which are under construction. A seventh site in Chiswick has been secured, with two more locations to follow in the coming months.
With the UK over-65s population predicted to number 16.3m by 2036, demand for senior housing is correspondingly predicted to increase.
Marcus Hodges previously ran a national accommodation business
Prior to Birchgrove, Hodges served as UK Operations Director for co-living provider The Collective, where he led a team of around 100 managers and operational staff in growing the UK business.
Hodges has also served in senior operational roles for IQ Student Accommodation and Unite Students. He has over two decades commerical and operational management experience in co-living, BTR and student accommodation.
Raphaël Koifman brings extensive experience in real estate finance
At property developer Avanton, and property investment firm Griffen, Koifman served as CFO where he was responsible for all operational, financial, tax and regulatory matters.
Koifman previously worked for several institutional lending platforms and banks, including Cheyne Capital, Deutsche Pfandbriefbank, Santander and Barclays Capital.
As CFO of Birchgrove, his responsibilities will include all financial and tax aspects of the business and the sourcing of funding to support the growth of the company.
Birchgrove’s C-suite appointments will implement scale and speed
Honor Barratt, chief executive of Birchgrove said: “At Birchgrove, we have intimate and extensive knowledge of our later living customer and what they need from us to build somewhere they can call home. What we were looking for in Marcus and Raphael was all the knowledge we don’t have, namely how to roll out a portfolio at scale and speed, and how to drive the best possible yield on exit.
“With these two on board, every day we are honing our operations and bringing our model closer to BTR yields.”
