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Share Price Information for Residential Sec (RESI)

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Share Price: 45.00
Bid: 45.30
Ask: 48.90
Change: -0.50 (-1.10%)
Spread: 3.60 (7.947%)
Open: 48.20
High: 48.20
Low: 45.00
Prev. Close: 45.50
RESI Live PriceLast checked at -
Residential Secure Income REIT is an Investment Trust

To provide shareholders with an attractive level of income and capital growth from investing in residential asset classes that comprise the stock of registered UK social housing providers, Housing Associations and Local Authorities.

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Residential Secure Income Acquires 39 Shared Homes For GBP3.5 million

Wed, 08th Jul 2020 10:18

(Alliance News) - London-based Residential Secure Income PLC on Wednesday announced the acquisition of 39 shared ownership homes for GBP3.5 million, including deferred payments, bringing the company's total shared ownership portfolio to 205 homes.

Residential Secure, which invests in affordable shared ownership, retirement and local authority housing, purchased the homes from Step Forward Homes.

The new portfolio is located across the north west of England with 24 two and three bedroom homes which will be generating income immediately.

The other 15 homes are under construction and will be acquired in the next six months once construction is complete and the homes are occupied.

Investment Manager of ReSI Capital Management Ben Fry said: "We are particularly pleased to have completed this transaction against the current backdrop where many families, particularly those of key workers, are facing challenging situations where we can help meet a clear need."

Residential Secure shares were up 1.0% at 94.46 pence on Wednesday morning in London.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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