Reven Housing REIT, Inc. [Acquired] | REIT Profile
Symbol: RVEN
CIK: 1487782
Exchange: NASDAQ
Founded: 2012
HQ: La Jolla, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Residential
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Reven Housing REIT, Inc., (NASDAQ:RVEN) engages in the acquisition and ownership of portfolios of occupied single family rental properties in the United States. RVEN currently owns and operates SFR's in Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas and intends to expand throughout the United States. The company intends to qualify as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Reven Housing REIT, Inc., launched its new business plan to acquire portfolios of SFR's in 2012 and is headquartered in La Jolla, California.
Latest REIT Press Releases
- Reven Housing REIT, Inc. Press Release: Reven Housing REIT, Inc. Announces Offering of 6.0% Series A Cumulative Convertible Redeemable Preferred Stock - 23 Oct 2019 06:17:16 -0400
- Reven Housing REIT, Inc. Press Release: KBS Strategic Opportunity REIT, Inc. to Acquire Reven Housing REIT, Inc. for $56.85 Million in Equity Value - 31 Aug 2019 11:19:10 -0400
- Reven Housing REIT, Inc. Press Release: Reven Housing REIT, Inc. Declares Second Quarter 2019 Dividend - 17 Apr 2019 07:05:12 -0400
- Reven Housing REIT, Inc. Press Release: Reven Housing REIT, Inc. to Review Strategic Alternatives - 22 Mar 2019 06:31:16 -0400
- Reven Housing REIT, Inc. Press Release: Reven Housing REIT, Inc. Declares First Quarter 2019 Dividend - 15 Jan 2019 07:01:15 -0500
Related Information
| Material | Source | Description |
|---|---|---|
| KBS Strategic Opportunity REIT, Inc. to Acquire Reven Housing REIT, Inc. for $56.85 Million in Equity Value (2019-08-31) | PR Newswire | NEWPORT BEACH, Calif. and SAN DIEGO, Aug. 31, 2019 /PRNewswire/ -- KBS Strategic Opportunity REIT, Inc. ("SOR") and Reven Housing REIT, Inc. ("Reven") (NASDAQ: RVEN) today announced the signing of a definitive merger agreement under which an indirect, wholly-owned subsidiary of SOR, SOR PORT, LLC ("Merger Sub"), a wholly-owned subsidiary of SOR PORT Holdings, LLC ("Parent"), will acquire all of the outstanding shares of common stock of Reven for cash. The aggregate merger consideration payable for shares of Reven common stock in the merger will equal approximately $56.85 million, to be increased or decreased, as the case may be, by the difference, if any, between the amount of Reven's unrestricted cash available for distribution as of the closing date of the merger, and $6,500,000. Based on Reven management's current estimate, the per share merger consideration payable to Reven stockholders in the merger is expected to be $5.15, which amount represents an approximately 21% premium to Reven's unaffected closing stock price of $4.25 on August 29, 2019, the last reporting day before Reven announced the signing of the merger agreement. |
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| New York Mortgage Trust, Inc. (NYMT) | 6.0 | NASDAQ | Small-Cap | Mortgage | United States |
| Realty Income Corp (O) | 8.7 | NYSE | Large-Cap | Retail Industrial Office Specialty | United States |
Last updated: 2024-04-18 - v4.8