Amherst Holdings Single Family Residential Platform Sells Portfolio of 751 Homes to Altisource Residential, L.P. for $117.1 Million

Amherst Holdings, LLC (“Amherst”) announced today that its Single Family Residential platform has sold a portfolio of 751 single family rental properties to Altisource Residential, L.P. (“Altisource Residential”), an operating partnership controlled by Altisource Residential Corporation (NYSE: RESI), a publicly traded REIT, for a total sale price of $117.1 million. The transaction represents Amherst’s second closing with Altisource Residential as part of a March 2017 agreement to sell Altisource Residential up to 3,500 single family rental properties this year. Amherst and Altisource Residential have now closed on the purchase and sale of 1,508 single family rental properties in the first
half of 2017.