ReSI buys retirement homes for £40.2m

Investor Residential Secure Income (ReSI) has exchanged contracts to buy 478 retirement homes from housing association Places for People for £40.2m. The deal has already completed on 421 of the properties, with the remainder expected within three months. The portfolio consists primarily of one-bedroom flats across 284 purpose-built retirement schemes, with over 93% in southern…