Reven Housing REIT, Inc. Enters Oklahoma City With Acquisition of 89 Single-Family Homes
21 Diciembre 2018 - 3:15PM
Business Wire
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 on the
acquisition of 89 single family homes in the Oklahoma City,
Oklahoma metropolitan area.
The purchase price for the 89 homes was approximately $7.1
million, exclusive of closing costs. The Company funded the
purchases on an all cash basis.
Chad Carpenter, Chief Executive Officer of Reven Housing,
commented, “We are pleased to announce Reven’s expansion into the
Oklahoma City metropolitan market with the acquisition of 89 single
family homes. Oklahoma City is an ideal fit for our expansion into
a new market. Mike Soni, Investment Advisor and Head of Acquisition
states,“Demand in the local market for affordable housing has been
strong supported by Oklahoma’s job growth. This portfolio provides
scale as we enter a new market as well as geographic
diversification.”
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 938 single family rental properties in Alabama, Florida,
Georgia, Mississippi, Oklahoma, Tennessee and Texas.
For more information, please
visit http://www.revenhousingreit.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20181221005570/en/
Investor Relations:ICR, Inc.Evelyn Infurna,
203-682-8265evelyn.infurna@icrinc.com
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