- Lender Diligence Reflects Net Asset Value of $6 Per Share -

Reven Housing REIT, Inc. (the “Company”, “Reven”) (NASDAQ: RVEN), an owner and operator of single-family residential properties, today announced that it has successfully closed a new mortgage loan for $51.3 million. The financing, originated by Arbor Agency Lending, LLC, an approved Seller/Servicer for Federal Home Loan Mortgage Corporation (Freddie Mac), is a seven-year, interest-only loan with a fixed interest rate of 4.74%. The loan is secured by 824 of Reven’s currently owned single family homes. Proceeds of approximately $33 million were utilized to pay off and replace the Company’s eight outstanding amortizing mortgage notes. Additionally, as a result of the financing, Reven received approximately $17 million of cash proceeds, net of transaction fees, that will be utilized for future acquisitions of rented single family homes. This financing extends the maturity date on its mortgage portfolio seven years until October 2025 at the fixed rate of 4.74%.

As part of the lender’s due diligence process, a full valuation of the Company’s portfolio was performed. This valuation resulted in an estimated market value of the Company’s portfolio of $94.8 million. This valuation suggests an estimated net asset value for Reven, as of September 30, 2018, of approximately $6.00 per share.

Thad Meyer, Chief Financial Officer of Reven Housing, stated, “Reven continues to diversify its sources of capital to support the Company’s growth as demonstrated by this financing with Freddie Mac. This financing expands the Company’s debt capacity, lengthens the maturity date and reduces debt service obligations as we convert to an interest only payment. We have eliminated our near-term refinancing risk as well as our cost of funding while realizing nearly $17 million of excess proceeds that we can redeploy into acquiring additional rental homes.”

Chad Carpenter, Chief Executive Officer of Reven Housing, added, “The refinancing and expansion of our debt capacity with Freddie Mac along with the completed lender diligence reflects an increased net asset value of the Company. As Reven matures in the public markets and continues to grow its business, I remain confident that the team’s hard work will be fully recognized in the Company’s share price.

About Reven Housing REIT, Inc.

Reven Housing REIT, Inc. (NASDAQ: RVEN) engages in the acquisition and ownership of portfolios of occupied single-family rental properties in the United States. Reven currently owns and operates 826 single family rental properties in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.

For more information, please visit http://www.revenhousingreit.com/.

Forward Looking Statements

Various statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These forward-looking statements may include, but are not limited to, statements related to our expectations regarding the performance of our business, our share price, our financial results, our liquidity and capital resources, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including, among others, the risk that any net asset valuation of our assets will be an indicator of our future share price, risks inherent to the single-family rental industry sector and our business model, macroeconomic factors beyond our control, competition in identifying and acquiring our properties, competition in the leasing market for quality residents, increasing property taxes, homeowners’ association and insurance costs, our dependence on third parties for key services, risks related to evaluation of properties, poor resident selection and defaults and non-renewals by our residents, performance of our information technology systems, our ability to raise the capital required to acquire additional properties, and risks related to our indebtedness. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include but are not limited to those described under Part I. Item 1A. “Risk Factors," in our Annual Report on Form 10-K for the year ended December 31, 2017 as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent otherwise required by law.

Investor Relations:ICR, Inc.Evelyn Infurna, 203-682-8265evelyn.infurna@icrinc.com

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