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Sign in Sign up for a FREE subscriptionKBS Strategic moves into single-family rental sector
KBS Strategic Opportunity REIT has acquired Reven Housing REIT, expanding its presence into the single-family rental market.
The sales price was $56.85 million.
Reven currently owns and operates 993 single-family rental properties in Alabama, Florida, Georgia, Mississippi, Oklahoma, Tennessee and Texas.
KBS Strategic Opportunity REIT’s investment was made on behalf of the indirect, wholly owned subsidiary of SOR, SOR PORT, a wholly owned subsidiary of SOR PORT Holdings. SOR invests across all real asset classes, including debt, equity and corporate investments, targeting both developed and less liquid markets.
