UK real estate investment trust Residential Secure Income (ReSI) has acquired 182 shared ownership homes from housing association Orbit.
ReSI, which invests in independent retirement living and shared ownership propertyies, said it has invested 拢21m (鈧�24m) to acquire the houses across 10 counties.
The deal is the second shared ownership tenanted transaction between ReSI and Orbit, following the acquisition of a portfolio of 191 shared ownership homes in March last year.
The latest deal takes ReSI鈥檚 total shared ownership portfolio to more than 725 homes. ReSI is managed by Gresham House.
Ben Fry, managing director of housing at Gresham House, said: 鈥淲e are delighted to announce this second transaction with Orbit for 182 tenanted shared ownership homes.鈥�
Fry said the latest acquisition continues the firm鈥檚 鈥漰roven partnership-led approach鈥� with housing associations and follows the Gresham House closing of similar transactions in 2021 with Metropolitan Thames Valley and Swan Housing.
Mark Hoyland, group CEO at Orbit, said: 鈥淲e are pleased to be working with ReSI on this transaction as a provider which shares our values. This transaction is part of our densification strategy, which aims to optimise our property portfolio.
鈥淏y delivering operational economies of scale we are able to support the delivery of more affordable new homes and further our work with customers and partners to ensure long-term, sustainable economic growth.鈥�
advised Orbit on the sale.
To read the latest edition of the latest 91传媒在线 magazine click here.
