The rental homes portfolio comprises 1,341 retirement properties concentrated in the South of England and includes long-leasehold and freehold properties, primarily one- and two-bedroom flats spread over more than 250 purpose-built retirement housing blocks.
Places for People group manages the portfolio and is responsible for the day-to-day management, rent collection and maintenance.
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Ben Fry, investment manager at ReSI Capital Management Limited, said: "We are delighted to have completed our first investment with the acquisition of such a strong portfolio of properties serving the retirement sector, an important and growing segment of demand.
“The portfolio is operated by one of the leading social housing providers in the Places for People group, and furthers our ambition to become the leading capital partner to social housing providers.
“We will now continue to progress the execution of our £250m pipeline and remain excited by the scale of opportunities available across the sector."
The fund manager has received offers from institutional funders for long-dated investment grade equivalent debt secured on the portfolio.
ReSI has also announced it intends to make a number of operational improvements within the portfolio to enhance returns for investors.