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Residential REIT on £350m spree

Residential Secure Income REIT is in the process of buying up to £350m of assets following its £300m IPO in July.

It said it is in the process of finalising terms with three Housing Associations for three shared-ownership portfolios in southern England for £250m, which should complete by the end of the year.

The purchase of £100m of rental homes from a housing association principally located in southern England is also expected before the end of the year.

The REIT said it had also identified a further pipeline of shared-ownership and rental homes with three other housing associations valued at more than £200m.

 

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