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Altisource Residential Corp (RESI.N)

RESI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Amherst Holdings sells 751 homes to Altisource Residential
Thursday, 29 Jun 2017 05:07pm EDT 

June 29 (Reuters) - Amherst Holdings Llc::Amherst Holdings single family residential platform sells portfolio of 751 homes to Altisource Residential, L.P. For $117.1 million.Amherst Holdings Llc says Amherst-sponsored entities are providing seller financing equal to 75 percent of sale price.  Full Article

Altisource Residential announces acquisition of 751 rental properties
Thursday, 29 Jun 2017 04:35pm EDT 

June 29 (Reuters) - Altisource Residential Corp ::Altisource Residential Corporation announces acquisition of 751 stabilized rental properties, taking rental portfolio to over 10,000 homes; provides strategic update.Altisource Residential Corp - deal for ‍$117 million​.Altisource Residential Corp - ‍targeting sale of substantially all remaining non-rental reos by end of 2017​.Altisource Residential Corp - ‍in connection with acquisition, co has again retained current property manager for portfolio, Main Street Renewal, Llc​.  Full Article

Altisource Residential Q1 loss per share $0.92
Tuesday, 9 May 2017 07:30am EDT 

May 9 (Reuters) - Altisource Residential Corp : :Altisource residential corporation reports first quarter 2017 results; progress continues on growth, operating and disposition objectives.Q1 loss per share $0.92.Q1 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S.Altisource residential corp - qtrly total revenues $29.3 million versus $40.1 million.Q1 revenue view $37.7 million -- Thomson Reuters I/B/E/S.Altisource residential corp - qtrly revenue $29.3 million versus $40.1 million last year.  Full Article

Altisource Residential, RESI TL1 Borrower LLC entered into credit and security agreement
Wednesday, 12 Apr 2017 05:38pm EDT 

Altisource Residential Corp : Altisource Residential -on April 6, 2017, RESI TL1 Borrower LLC entered into credit and security agreement with American Money Management Corporation . Altisource Residential Corp - term loan agreement has a maturity date of April 6, 2022 and a fixed interest rate of 5.00 pct . Altisource Residential-pursuant to term loan agreement,borrower borrowed $100.0 million to finance ownership,operation of single-family rental properties . Altisource Residential- on April 6, co through units,amended,extended existing $250 million loan, security agreement with Nomura Corporate Funding Americas . Altisource Residential Corp - under amendment agreement, company and Nomura extended termination date of facility by one year to April 5, 2018 .Altisource Residential Corp - under amendment agreement, co and Nomura increased uncommitted maximum borrowing amount to $100 million.  Full Article

Altisource Residential Corp announces agreement to acquire single family rental homes
Friday, 31 Mar 2017 08:00am EDT 

Altisource Residential Corp : Announces agreement to acquire up to 3,500 single family rental homes; completes initial closing of 757 stabilized rental properties . Deal for $106.5 million .RESI will purchase up to approximately 2,750 additional stabilized rental properties from sellers in additional closings in 2017.  Full Article

Altisource Residential Corp posts Q4 loss per share $1.14
Wednesday, 1 Mar 2017 07:30am EST 

Altisource Residential Corp : Altisource Residential Corporation reports fourth quarter and full year 2016 results; continues to meet growth, operating and disposition objectives . Q4 loss per share $1.14 . Q4 earnings per share view $-0.51 -- Thomson Reuters I/B/E/S .Altisource Residential Corp - increased Q4 2016 rental revenue by 154 pct over Q3 to $24.3 million.  Full Article

John Devaney reports 5.4 pct passive stake in Altisource Residential
Thursday, 2 Feb 2017 12:40pm EST 

Altisource Residential Corp :John Devaney reports 5.4 percent passive stake in Altisource Residential Corp as of Feb 1 - sec filing.  Full Article

Altisource Portfolio Solutions comments on agreement with Altisource Residential
Friday, 30 Sep 2016 03:08pm EDT 

Altisource Portfolio Solutions : As resi stated, resi was required to retain current property manager of portfolio as condition of obtaining seller financing . Altisource portfolio solutions comments on agreement with altisource residential corporation .Agreed to provide limited waiver of exclusive right to provide property management and other services to resi related to portfolio.  Full Article

Altisource Residential announces acquisition of about 4,250 single family rental homes
Friday, 30 Sep 2016 02:57pm EDT 

Altisource Residential Corp : Altisource Residential Corporation announces acquisition of approximately 4,250 single family rental homes . Deal for $652.3 million . Says assets were acquired from investment funds sponsored by Amherst Holdings, LLC . Acquired portfolio of 4,262 single family rental properties for aggregate purchase price of $652.3 million in seller financed deal . Seller financing for transaction represented 75% of purchase price and was provided pursuant to a loan agreement . Altisource Residential Corp says acquisition of properties will keep co on track to achieve its stated goal of 10,000 rental homes by end of 2016 . Residential obtained waiver of exclusivity provisions in existing master services agreement with Altisource Portfolio Solutions S.A. to complete portfolio deal .The parties agreed to certain amendments to agreement, including a contingent liquidation fee of $60 million.  Full Article

Altisource Residential Q2 loss per share $1.16
Monday, 8 Aug 2016 07:30am EDT 

Altisource Residential Corp : Altisource Residential Corporation reports second quarter 2016 results . Q2 earnings per share view $-0.35 -- Thomson Reuters I/B/E/S . Q2 loss per share $1.16 . Qtrly rental revenues $8.6 million versus $2.1 million .Qtrly total revenues $238,000 versus $76.5 million.  Full Article

BRIEF-Altisource Residential announces acquisition of 751 rental properties

* Altisource Residential Corporation announces acquisition of 751 stabilized rental properties, taking rental portfolio to over 10,000 homes; provides strategic update