13/07/2026
We're delighted to have helped Social Housing REIT’s £108.3m acquisition of Residential Secure Income plc's senior living portfolio, and rebrand to Living REIT. The deal - expected to close mid-July 2026 - expands SOHO into independent later living, bringing its total portfolio to 5,577 homes.
Key deal details:
- Purchase price: £108.3 million, consisting of £45 million in cash and £62.3 million in newly issued SOHO shares.
- Portfolio: 1,907 senior living rental flats and 256 housing manager flats.
- Debt assumption: SOHO is assuming a £92.1 million long-dated, fixed-rate debt facility (3.46% interest) with Scottish Widows, maturing in 2043.
Strategic Impact & Corporate Changes
- New name: Social Housing REIT plc is officially rebranding to Living REIT plc.
- Financials: The transaction increases SOHO’s gross asset value to roughly £831.4 million.
- ReSI's wind-down: This sale represents a major milestone in ReSI’s (managed by Gresham House) strategy to wind down and orderly realize its assets.
Our thanks to our wonderful clients at Deutsche Numis and Gowling WLG.
If you'd like to find out how we can help ensure the success of your critical M&A projects, chat with us today: hello@blackandcallow.com
