Asset Management

Scott Steven is Head of Asset Management at Target. Scott joined Target in 2017 from Lloyds Banking Group.

Prior to joining Target, Scott has been responsible for a portfolio of Lloyds Banking Group's loans to large property groups including care home owners and operators. During 2018, Scott took over the Head of Asset Management role at Target, and holds responsibility for tenant engagement and portfolio decision making with a team of healthcare and asset management professionals.

Rhona is Executive Assistant to the Head of Asset Management and provides administrative support to the asset team.

She has exceptional experience of working in office administration roles within the private sector.

Before joining Target, Rhona worked for 19 years at Stagecoach Group plc. and prior to that she worked in a number of supporting roles at Diageo.

David has responsibility for managing existing assets.

After completing a Master’s degree in Physics at the University of St Andrews, David joined PwC in London where he qualified as a Chartered Accountant. He then moved to their Deals team for 8 years specialising in valuing businesses and assets for a variety of purposes, predominately Mergers & Acquisitions, Tax and Financial Reporting. During this time David was based in London, Singapore and Edinburgh overseeing a range of clients as well as developing and leading teams.

Colin joined Target in 2019. He is a chartered accountant and chartered surveyor. In his 18-year banking career he has been involved in real estate finance and investment. His real estate journey started in the Macquarie Real Estate Capital team.

Subsequently he joined Standard Bank Real Estate Finance in 2006 where he gained exposure to a variety of specialised property types and debt transactions. Latterly, Colin led a team at Standard Bank providing debt funding to REITs and large-scale developers.

During his University studies Fraser interned at Target, working across the various teams. On graduating with First Class MA Honours Economics at the University of Edinburgh he secured the role within the Asset Management team and is currently working towards his CFA qualifications.

Fraser is responsible for managing the assets across the Fund’s portfolio and supporting the Asset Management Director in developing new systems and processes.

Billy uses his knowledge and experience of the healthcare property sector to assess development opportunities.

Before joining Target, Billy was founder and managing director of Oakfield Construction and Westoun Development. Both firms specialised in constructing bespoke retirement homes. Billy can now boast over 30 years’ experience of constructing specialist properties for the elderly.

Karen Austin joined Target in 2021 and has extensive experience in nursing and healthcare, latterly working for various corporate care home providers.

Prior to joining Target, Karen was a registered nurse, registered manager and since 2008 Regional Manager overseeing a portfolio of care services.

She has experience in the operational management of nursing, residential and adult mental health and learning disability service.

Tracy joined TFM in May 2022 and has over 16 years’ experience as a registered nurse.  Tracy has worked in the care industry for over 11 years roles of which included, Home Manager, Regional Support Manager predominantly working for large corporate providers.  For the last 7 years Tracy has worked at Regional Director level within the industry overseeing nursing and residential care homes.

Tracy provides comprehensive support to the team overseeing existing properties under management and assessing prospective investment opportunities to enhance business growth.  Key elements of Tracy’s role is to build relationships with tenants by means of regular visits and communication with each home and provider.  Tracy will draw upon her experience in the care sector whilst practicing Target’s company values.

Scott is a politics graduate from the University of Stirling, chairing the University’s charity organisation in his final year.

He joined Target with ten years’ experience in the construction industry, having specialised in purchasing and facilities management. As an Asset Management Analyst, he provides extensive administrative support to the Head of Asset Management.

Julian is the Sector Research Manager at Target. He produces demographic reports on carehomes around the UK; competitor analysis; as well as any additional market and statistical analysis that aid the company with due diligence and asset management.

His experience is in client operations support following rigorous methods that are both qualitative and quantitative.  His training is in finance, risk management, process mapping and modelling, process simulation, business intelligence and machine learning methods.

Julian is a University of London graduate in business management studies and, having been awarded a DataLab scholarship, has completed an MSc in Business Analytics at the University of Stirling.