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Altisource Residential Acquires 1,957 Rental Homes from Amherst Holdings

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Altisource Residential Corp. (NYSE:RESI) acquired 1,957 single family rental properties from Amherst Holdings for $ 305.1 million or about $ 155,900/home. The transaction was the third and final closing under a previously announced purchase agreement under which Altisource acquired 3,465 rental homes in all this year from Amherst for a total sale price of $ 534.9 million or about $ 154,370/home. Amherst will remain the property manager for all the…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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