ReSI buys 478-property retirement portfolio from Places for People for £40.2m. : London-listed Residential Secure Income (ReSI) is buying a portfolio of retirement homes from Places for People for £40.2m (€44.9m). The real estate investment trust said it has agreed to acquire the 478-property retirement homes portfolio from the UK’s housing associations. ReSI has already completed the acquisition for around 421 of the properties, with completion of the remainder anticipated within 3 months. The portfolio consists primarily of one-bedroom flats and is located across 284 purpose-built retirement schemes, with over 93% located in Southern England, including in the Greater London area.