Residential Secure Income plc ("ReSI" or the “Company”) (LSE: RESI), as envisaged at the time of its three most recent retirement unit acquisitions, it has obtained £40 million of 25-year fixed rate debt secured against 823 retirement units in its portfolio.
Residential Secure Income plc ("ReSI") (LSE: RESI) is pleased to announce that its wholly owned for profit Registered Provider subsidiary ReSI Housing Limited (“ReSI Housing”), has appointed David Orr as independent non-executive Chairman.
The transaction sees Arlington Advisors (“Arlington”) consolidate its 1,494 bed student accommodation portfolio, operated by Study Inn, into a single long-dated portfolio funded by a project finance bond structure.
Residential Secure Income plc ("ReSI") (LSE: RESI) is pleased to announce that TradeRisks Limited, the parent company of ReSI’s Investment Manager, has appointed Richard Stubbs as Chief Financial Officer, with responsibility for financial strategy and operations, including across ReSI.
The bond issue by Mount Oswald Colleges LLP will finance the construction of two new colleges designed for student residence at Durham University (the University).
TradeRisks Limited, the corporate finance firm that provides specialist advice to housing associations, local authorities and other providers of social infrastructure, has advised, arranged and placed a £75 million unlisted bond placed with BlackRock Real Assets maturing in 2038 on behalf of GreenSquare Housing.
Residential Secure Income plc ("ReSI") (LSE: RESI) has become the first publicly listed investment fund to become a Registered Provider with the Regulator of Social Housing.
Residential Secure Income plc ("ReSI" or the “Company”) (LSE: RESI, is pleased to announce that, as envisaged at the time of acquisition of the Retirement Housing Partnership portfolio (“RHP”) in November 2017, it has secured £53mn of 25 years fixed rate debt from an insurance company that is partially amortising and finally repayable in 2043.
TradeRisks Limited (“TradeRisks”), the corporate finance firm focussed on specialist residential property and social infrastructure, has acted as corporate finance advisor and sole bookrunner for a £50 million fixed rate bond issued by the Church of England Pensions Board (“CEPB”).
The transaction sees Arlington acquire a portfolio comprising 1,013 beds in Coventry and Nottingham from Study Inn taking Arlington’s student accommodation holdings to more than 10,000 beds and a total investment value of over £750 million.
