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…
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