A “for-profit” housing association set up by alternative asset manager Gresham House has acquired a portfolio of 247 new build shared ownership properties from social landlord Swan.

Gresham House has agreed the £38m deal through its investment vehicle, Gresham House Residential Secure Income (Resi LP), which in turn owns ReSi Homes, a landlord registered with the social housing regulator as a for profit provider.

…