Deal snapshot: REVEN HOUSING REIT ACQUIRES 73 FLORIDA HOUSES.
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.
Sector: Construction/Real Estate
Target: 73 single-family homes in Jacksonville, Florida
Buyer: Reven Housing REIT, Inc
Deal size in USD: 4.872m
Buyer advisor: , ,
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|Publication:||M & A Navigator|
|Date:||Mar 24, 2015|
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