Reven Housing REIT, Inc. announced a private placement of 6% series A cumulative convertible redeemable preferred stock for gross proceeds of up to $15,000,000 on October 23, 2019. The transaction will include participation from existing shareholders of the company. The company will issue securities pursuant to exemption provided under Regulation D. The transaction has been approved by the board of directors of the company, and is expected to close immediately after the closing of the merger.