American Housing Income Trust, Inc. (OTCMKTS:AHIT) Files An 8-K Other Events
ITEM 8.01 – Other Events
On March 21, 2017, the Board of Directors for American Housing
Income Trust, Inc., a Maryland corporation (the Company)
terminated the offering set forth in the registration statement
on Form S-11 and related prospectus, which had been deemed
effective on June 23, 2016, and a subsequent post-effective
amendment deemed effective on September 19, 2016 (referred to
herein as the Offering). The Offering had been set to terminate
on the twelfth month anniversary of the effective date; however,
the Board of Directors, in the interest of continuing with its
reorganization as set forth in its Form 8-K dated March 17, 2017,
voted to terminate the Offering effective March 21, 2017.
The Company sold 150,702 shares of common stock during the time
period in which the Offering was priced at $3.00/share for a
total direct public offering capital raise of $452,100, and sold
316,766 shares of common stock during the time period in which
the Offering was priced at $1.00/share for a total direct public
offering capital raise of $316,766 for a total of $768,866.
The Company issued a press release disclosing the termination of
the Offering.
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01(d) Exhibits
| Exhibit | Exhibit Description | Filed herewith | Form | Period Ending | Exhibit | Filing Date |
| 10.1 | Resolution of the Board | X | ||||
| 10.2 | Press Release | X |
About American Housing Income Trust, Inc. (OTCMKTS:AHIT)
American Housing Income Trust, Inc. is engaged in the business of acquiring and operating residential properties. The Company acquires, renovates, rehabilitates and, in turn, rents single-family residences. The Company invests in apartments, condominiums, and single-family residences, which are primarily located in the western United States (including Phoenix, Las Vegas, Tucson, and California). The Company also involves in leasing and sale of residential properties. The Company operates through related-party/affiliate entities in holding title to those single-family residences in its portfolio, including American Realty Partners, LLC (American Realty), ARP Borrower, LLC (ARP Borrower), ARP Borrower II, LLC and AHIT Valfre, LLP. It focuses on engaging in the business of purchasing real estate for the purpose of making cosmetic changes, repairs and enhancements, and then renting such properties to tenants. It holds title to over 46 residential properties in Arizona, Nevada and Texas. American Housing Income Trust, Inc. (OTCMKTS:AHIT) Recent Trading Information
American Housing Income Trust, Inc. (OTCMKTS:AHIT) closed its last trading session 00.000 at 0.950 with 100 shares trading hands.