ReSI buys retirement home portfolio

Retirement Homes

Residential Secure Income (ReSI) has paid £40.2m for a 478-property retirement homes portfolio from Places for People, one of the UK’s leading housing associations.

The portfolio consists primarily of one-bedroom flats and is located across 284 purpose-built retirement schemes, with over 93% located in southern England, including Greater London. The properties are held on a long leasehold basis, with a weighted average unexpired lease term of 92 years.

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