Amherst Residential will acquire Front Yard Residential Corp. in a transaction valued at approximately $2.3 billion, including debt to be assumed or refinanced.
“This transaction meaningfully advances our effort to improve the experience of residents and investors in single-family rental properties,” said Sean Dobson, CEO and chairman of the board, Amherst Holdings. “With our expanded scale, additional team members in local markets and the collective experience of both teams, we believe this combination provides a powerful platform that is well positioned to serve the broad constituency focused on affordable, safe, attractive housing.”
Drew Flahive, president of Amherst Residential, added, “This strategic acquisition grows our ability to optimize the ownership and utilization of U.S. single-family real estate. By combining with Front Yard, our increased scale will allow us to further enhance the services we provide to both individual consumers as well as our
