THOLOS PARTNERS

Investor Login

Oxford-based real estate private equity investment manager focused on leading UK university cities.

We invest through two complementary strategies: value-added PBSA acquisitions in select UK cities and opportunistic residential development in Oxford. We focus where demand is persistent and supply is constrained, applying institutional discipline from underwriting to delivery and aligning our capital with our investors’.

WHAT WE DO

We invest where scarcity is structural,and execution moves the dial. We buy complexity at a disciplined basis, cure it with design‑led capex and tight operations, and exit at stabilised yields. Portfolio construction blends cash‑generative assets with planning‑led uplift to balance income and growth while protecting downside.

Purpose‑Built Student Accommodation (PBSA)

We acquire under‑performing PBSA in top‑tier UK university cities with structural bed shortages. We then deliver targeted capex and a brand refresh: life‑safety catch‑up, amenity and façade improvements, and high‑function room upgrades inspired by East‑Asia micro-living built for student use. Execution is phased to minimise downtime, supported by professionalised pricing, marketing and on‑site management.

Oxford Residential Development

In central Oxford’s constrained market, we pursue planning‑led schemes for townhouses and apartments in walkable, heritage settings. Through early engagement and clear design control, we deliver context‑sensitive homes—efficient layouts and durable materials—placing residents and community outcomes at the centre while building long‑term value.

OUR APPROACH

Institutional discipline from underwriting to exit. We run a stage‑gated process, control cost and programme, and manage capital and counterparties with prudence.

Design‑engineered upgrades

We deploy modular, space‑efficient room systems—integrated storage, convertible work/sleep solutions and durable finishes—designed by our Asia‑based team for fast, repeatable, low‑downtime refurbishments.

Student experience & community

We engage with stakeholders before the planning submission. We seek input from neighbours, councillors and officers. We publish updates at each formal stage.

Oxford homes that fit

Context‑sensitive massing and materials, simple and robust specifications, and small public‑realm improvements (planting, permeability, sightlines) keep schemes legible, useful and lasting.

General Partners

Founder-led, aligned, and hands-on

Rico Ding

General Partner

Rico Ding is a founding partner of Tholos, where she focuses on the firm's relationship management, including investor relations, local council engagement, and community communication. She plays a key role in building partnerships with investors, negotiating with local governments, and fostering strong ties with the community.

Rico grew up in Hawaii and holds a degree in Political Science and Philosophy from UCLA, as well as an MBA from the University of Oxford. She is a member of Christ Church College. With her international background, Rico brings a global perspective and an ability to adapt quickly to local environments. Her business philosophy blends tradition with modernity, with a strong focus on people. She also has extensive experience in property management across both the United States and China.

Michel Rhéaume General Partner

Michel is a founding partner of Tholos and jointly leads the firm's investment and development activity. He brings hands-on experience from multiple residential development projects worth over CA$100M in Canada, where he led work from land acquisition through entitlement, design, and construction.

He began his career as a lawyer and tax advisor, with roles in a leading Canadian law firm and a global accounting network. His background gives him a strong command of planning risk, capital structuring, and legal oversight across stages of development.

Michel holds a civil law degree, summa cum laude, from the University of Ottawa, a master's in tax law from the University of Montreal, and an MBA from the University of Oxford. He is a member of the Quebec Bar.

INVESTORS

Information for professional investors and family offices. Tholos Fund I is open to qualified investors. Access is provided upon eligibility confirmation and NDA. Approved investors receive detailed materials and portal access for updates and documents.

* Important notice: This website is not an offer of securities to the public and is directed only at persons qualifying as professional investors under applicable UK regulation. Capital is at risk and returns are not guaranteed.

General Partners

Rico Ding General Partner

Michel Rhéaume General Partner

Rico Ding

General Partner