Front Yard Residential [Merged] | REIT Profile
Symbol: RESI
Exchange: NYSE
Founded: 2012
HQ: Christiansted, Virgin Islands, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Residential
Internally Managed REIT
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Front Yard Residential (NYSE: RESI) is an industry leader in providing high quality and affordable single-family housing in welcoming neighborhoods across America. Our homes offer exceptional value in a variety of suburban communities which have easy accessibility to metropolitan areas. We are committed to providing an unparalleled experience to our residents in our well-maintained and reasonably priced homes. Our property managers provide a nationwide network that responds to the needs of our tenants in a prompt and efficient manner. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing, at reasonable prices. Our mission is to provide our tenants with houses they are proud to call home. That's how we measure our success.
Latest REIT Press Releases
- ARES - Pretium and Ares Management Announce $2.4-Billion Take-Private Transaction with Front Yard Residential - Mon, 19 Oct 2020 15:56:45 UTC
- Front Yard Residential Corporation Provides Operating Update - Tue, 08 Sep 2020 17:01:57 -0400
- Front Yard Residential Announces Termination of Asset Management Agreement with AAMC - Fri, 14 Aug 2020 08:02:17 -0400
- Front Yard Residential Corporation Reports Second Quarter 2020 Results - Mon, 10 Aug 2020 07:32:19 -0400
- Front Yard Residential Corporation Provides Operating Update - Wed, 08 Jul 2020 08:02:18 -0400
Related Information
| Material | Source | Description |
|---|---|---|
| Front Yard Residential Signs Amended Merger Agreement with Pretium and Ares Management (2020-11-23) | GLOBE NEWSWIRE | CHRISTIANSTED, U.S. Virgin Islands, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Front Yard Residential Corporation (“Front Yard†or the “Companyâ€) (NYSE: RESI), an industry leading provider of high-quality and affordable rental homes, announced today that it has amended its definitive merger agreement with a partnership led by Pretium and including funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation (NYSE: ARES) (together, the “Pretium Partnershipâ€) to increase the consideration payable to holders of outstanding shares of Front Yard stock to $16.25 per share in cash from $13.50 per share in cash, which values the Company at approximately $2.5 billion, including debt to be assumed or refinanced. The revised transaction price represents a 63% premium over Front Yard’s closing share price on October 16, 2020, the last trading day prior to the date on which the Company entered into the merger agreement. |
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Last updated: 2024-04-19 - v4.8