Reven Housing REIT, Inc. Provides Update on Hurricane Irma
15 Settembre 2017 - 4:51PM
Business Wire
Reven Housing REIT, Inc. (the “Company”, “Reven”) (NASDAQ:
RVEN), an owner and operator of single-family residential
properties, announced today that it is actively assessing the
impact of Hurricane Irma on its rental homes in Jacksonville.
“On behalf of Reven, we extend our heartfelt thoughts to all of
Florida, our residents and our team members in Jacksonville as they
continue to recover from the aftermath of Hurricane Irma,” stated
Chad Carpenter, Chairman & Chief Executive Officer of Reven
Housing REIT, Inc. “Our local team members are in the early phases
of assessing the impact of the storm on our homes and are working
diligently to make sure our homes get the attention they need so
our residents return to their homes and resume their daily routines
and activities.” Mr. Carpenter continued: “Based on preliminary
assessments, the damage sustained was largely wind related
including tree damage and some roof leaks. We are confident that
Reven will be able to cover its deductibles and expenses not
covered by its insurance policies relating to its Jacksonville and
Houston portfolios due to Hurricane Irma and Hurricane Harvey with
its current cash reserves.”
Mr. Carpenter added: “Furthermore, we are pleased to report that
our properties in Memphis, Tennessee, Atlanta, Georgia and
Birmingham, Alabama were not impacted by Hurricane Irma or
Hurricane Harvey.”
Reven owns 255 homes in the greater Jacksonville area. The
Company maintains property and casualty insurance policies that
cover floods and damage related to named storms subject to
deductibles and limits.
About Reven Housing REIT, Inc.
Reven Housing REIT, Inc. (NASDAQ: RVEN) engages in the
acquisition and ownership of portfolios of occupied single family
rental properties in the United States. Reven currently owns and
operates single family rental properties in Alabama, Florida,
Georgia, Mississippi, Tennessee and Texas.
For more information, please visit
http://www.revenhousingreit.com/.
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version on businesswire.com: http://www.businesswire.com/news/home/20170915005559/en/
Investor Relations:ICR, Inc.Evelyn Infurna,
203-682-8265evelyn.infurna@icrinc.com
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