Commercial real estate investment trust KBS Strategic Opportunity REIT agreed to acquire about 1,000 single-family home rentals from Reven Housing REIT in a merger deal valued at more than $56 million as single-family homes positioned as rental housing compete with traditional apartments.
REITs Merge Amid Push Toward Single-Family House Rentals
Investors Bet That Houses Will Edge Out Apartments When They Go Head-to-Head
By Lou Hirsh
CoStar News
September 3, 2019 | 9:44 P.M.
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- Companies
- KBS Strategic Opportunity REIT, Inc.
Finance and Insurance