Gresham House Residential Secure Income LP (GH ReSI LP) has secured £125 million ($157.9 million) from two U.K. local authority pension schemes, the Gloucestershire and Devon pension funds.
The new capital is expected to facilitate roughly £300 million ($379 million) of investment into more than 1,000 new affordable homes, building on the more than 1,400 homes already invested in by GH ReSI LP.
GH ReSI LP was launched in May 2021 to invest in the delivery of shared ownership housing through its wholly owned registered provider of social housing, ReSI Homes.
Ben Fry, managing director of GH ReSI LP, said, “This continued strong backing from institutional investors is testament to Gresham House’s extensive expertise and track record in affordable housing, and the growing recognition of the dual benefits that shared ownership investments can deliver — resilient inflation-linked income and lowering the lifetime cost of housing for young families and key work
