Pacific Oak Strategic Opportunity Real Estate Investment Trust, a nontraded REIT, has acquired fellow REIT Battery Point Trust, which owns 559 single-family rental homes in the Midwestern and Southeastern United States. Financial terms of the transaction were not disclosed.
Following this transaction, the company now owns 1,749 single-family rental homes nationwide.
All of these assets are held by the company through its subsidiary, PORT OP LP, formerly known as Reven Housing REIT OP.
