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Investors are still Out of Office (and other REITs…)
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Investors are still Out of Office (and other REITs…)
Another disappointing result for DIY corporate financiers this week. Having hosted the ‘Fair Sale’ over itself nearly two years ago, Residential Secure Income (LSE: RESI) has announced that most of its assets are set to be acquired by the Social Housing REIT (LSE: SOHO). SOHO will get RESI’s retirement home portfolio, with the rump of RESI’s assets going to a currently unnamed bidder. The mostly paper-based deal values RESI at about 57p per shar…
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