Reven Housing REIT, Inc. (NasdaqCM:RVEN) acquired Portfolio of 23 Single-Family Homes Located in Memphis, Tennessee for $1.6 million on December 6, 2018. Reven Housing REIT, Inc. funded the purchase with proceeds from the Freddie Mac loan the Company entered into on October 1, 2018. It is anticipated that acquisition of this portfolio will contribute accretively to overall Net Operating Income growth as the homes are refurbished and integrated onto its operating platform. Reven Housing REIT, Inc. (NasdaqCM:RVEN) completed the acquisition of Portfolio of 23 Single-Family Homes Located in Memphis, Tennessee on December 6, 2018.