Buys a portfolio of 171 homes for £24.3m from Vista UK Residential Real Estate Fund. :
Hearthstone Investment Management’s UK housing fund has acquired a portfolio of 171 homes for £24.3m (€19.5m). Hearthstone Residential Fund 1 (HRF1) bought its first assets from the Vista UK Residential Real Estate Fund, managed by Hermes Investment Management and Countrywide. The portfolio contains four modern low-rise, mid-sized apartment blocks with a combination of one and two bedroomed apartments. Two of the blocks are in Manchester with one close to the city centre and another in the city’s eastern suburb of Droylsden.