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Reit Residential

Altisource Residential Corporation, also known as RESI, is a publicly traded real estate investment trust (REIT) that focuses on acquiring, owning, and managing single-family rental properties in the United States. Here are some key points regarding Altisource Residential Corporation' :

1. Altisource Residential Corporation was founded in 2012 and is headquartered in Christiansted, Virgin Islands

2. The company's primary strategy is to buy single-family homes that have been previously foreclosed and then rent them to tenants

3. RESI focuses on acquiring properties in areas that have strong demand for rental properties due to high employment rates and limited housing supply

4. The company owns a portfolio of over 10,000 single-family rental properties across the United States

5. Altisource Residential Corporation has been actively expanding its portfolio through the acquisition of other single-family rental operators and individual properties

6. In 2020, the company acquired a portfolio of 4,240 single-family homes from funds managed by Amherst Residential for approximately $875 million

7. The company's growth strategy also involves partnering with other institutional investors to acquire and manage properties through joint ventures

8. RESI has a strong track record of delivering consistent earnings growth, with net income of $16.8 million in the third quarter of 2022, up from $14.5 million in the previous quarter

9. The company's rental income increased by 13.8% year-over-year in the third quarter of 2022, driven by higher occupancy and rental rates

10. Altisource Residential Corporation has a diverse tenant base, with more than 70% of its tenants working in industries that are less susceptible to economic downturns, such as healthcare and education

11. The company's focus on tenant quality has helped to minimize rent delinquencies during the COVID-19 pandemic, with only 2.4% of rent deferral requests from eligible tenants

12. RESI has a commitment to sustainability and plans to reduce greenhouse gas emissions by 50% by 2030 and achieve net-zero energy certification for its homes

Altisource Residential Corporation is a leading single-family rental REIT that has demonstrated consistent growth and a commitment to sustainability. Through its focus on acquiring and managing high-quality rental properties, the company has delivered consistent earnings growth and a strong track record of performance.