Altisource Residential Corporation (“Altisource”) has acquired a portfolio of 4,262 single-family rental properties for $652 million from affiliates of Amherst Holdings, LLC. The transaction, which more than doubles the size of the company’s single-family rental portfolio and enhances its presence in new and existing strategic target markets, closed on September 30, 2016.
Duff & Phelps served as independent financial advisor to the Board of Directors of Altisource Residential Corporation and rendered a fairness opinion.
About Altisource Residential Corporation
Altisource (NYSE:RESI) is a real estate investment trust engaged in the acquisition and ownership of single-family rental properties in the United States. Hunton & Williams LLP served as legal counsel to Altisource.