Reven Housing REIT: KBS Strategic Opportunity REIT to Buy Publicly-Traded REIT

KBS Strategic Opportunity REIT Inc., a publicly registered non-traded real estate investment trust, has agreed to purchase all of the outstanding shares of common stock of Housing REIT Inc. (NASDAQ: RVEN) for approximately $56.9 million. Reven Housing REIT currently owns 993 single-family rental properties in Alabama, Florida, Georgia, Mississippi, Oklahoma, Tennessee and Texas. The transaction [...]The post KBS Strategic Opportunity REIT to Buy Publicly-Traded REIT appeared first on The DI Wire.