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Deal snapshot: REVEN HOUSING REIT ACQUIRES 73 FLORIDA HOUSES.

MANews-(C)2009-2015

US-based real estate investment trust Reven Housing REIT, Inc. (OTCBB: RVEN) has acquired three portfolios totaling 73 single-family homes in Jacksonville, Florida in February and March 2015, the company said on Tuesday. The aggregate purchase price for the three portfolios was USD 4,872,347, exclusive of closing costs. Reven also closed an additional loan in the amount of USD 3,526,985 from Silvergate bank in La Jolla, California on March 13, 2015. This brings the company's total amount financed to USD 15,049,125 from Silvergate.

Country: USA

Sector: Construction/Real Estate

Target: 73 single-family homes in Jacksonville, Florida

Buyer: Reven Housing REIT, Inc

Vendor:

Deal size in USD: 4.872m

Type: LBO

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:1U5FL
Date:Mar 24, 2015
Words:125
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