Reven Housing REIT, Inc. completed the acquisition of Portfolio of up to 89 Single Family Homes Located in Oklahoma City, Oklahoma from TB Rentals, LLC.
December 18, 2018
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Reven Housing REIT, Inc. (NasdaqCM:RVEN) entered into a single family homes real estate purchase and sale agreement to acquire a portfolio of up to 89 single family homes located in Oklahoma City, Oklahoma from TB Rentals, LLC for approximately $7.1 million on November 1, 2018. The agreement provides for a deposit of $0.07 million and a total contract purchase price for the 89 properties of $7.1 million subject to certain adjustments. The transaction is subject to due diligence. In case of termination by TB Rentals, the deposit shall be refunded to Reven and if terminated by Reven, the deposit shall be retained by TB Rentals. Paul McDonald of Fidelity National Title Insurance Company acted as escrow holder in the transaction. Richard C. Labarthe acted as legal advisor to TB Rentals. David W. Parker of Greenberg Traurig, LLP acted as legal advisor to Reven Housing.
Reven Housing REIT, Inc. (NasdaqCM:RVEN) completed the acquisition of Portfolio of up to 89 Single Family Homes Located in Oklahoma City, Oklahoma from TB Rentals, LLC on December 19, 2018. Reven Housing funded the purchase with cash on hand.
REVEN HOUSING REIT, INC. is a United States-based company that is a real estate investment trust company. The Company is involved in acquires and asset manages affordable single family rental properties throughout the United States. Its operates through Midwest, including Illinois, Indiana and Ohio and the Southeast, including Alabama, Northern Florida, North Carolina, Tennessee, Oklahoma and Texas.
Reven Housing REIT, Inc. completed the acquisition of Portfolio of up to 89 Single Family Homes Located in Oklahoma City, Oklahoma from TB Rentals, LLC.
REVEN HOUSING REIT, INC. 
