Altisource Residential (RESI) Announces $652M Acquisition of ~4,262 Single Family Rental Homes
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Altisource Residential Corporation Announces Acquisition of Approximately 4,250 Single Family Rental Homes
September 30, 2016 2:57 PM EDTTransaction more than Doubles Residentials Rental Portfolio
Remains on track to Achieve Goal of 10,000 Rental Properties by end of 2016
CHRISTIANSTED, U.S. Virgin Islands, Sept. 30, 2016 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the Company) (NYSE: RESI) today announced that it has acquired a portfolio of 4,262 single family rental properties for an aggregate purchase price of $652.3 million in a seller financed transaction. The assets were acquired from investment funds sponsored by Amherst Holdings, LLC.
The transaction more than... More
