Cromwood is purchasing its first properties in Greater Manchester as part of plans to widen housing support in the north of England.
The 11 homes will provide much-needed accommodation for refugees and mark the first phase of planned investment in the area.
Cromwood already manages around 2,000 units in the city-region having almost doubled its stock in the last two years.
The investment will allow its growing team to support a new client group having solely provided temporary accommodation for local authorities until now.
Based to the north of Manchester in Prestwich, Cromwood now serves eight out of the 10 Greater Manchester boroughs.
Regional operations manager David Gluck said: “It’s been our ambition ever since we began working in Greater Manchester to acquire our own stock so we’re delighted to have made our first investment.
“It will allow us to widen the support we can offer to local authorities and enable them to find good quality, well-managed homes for refugees.”