REVEN HOUSING REIT, INC. (NASDAQ:RVEN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On June 13, 2017, our board of directors appointed Richard P.
Imperiale to serve as a director of Reven Housing REIT, Inc.
until the next annual meeting of the stockholders of the
corporation and until his successor is elected and qualified or
until his earlier resignation or removal in the manner provided
by the Bylaws of the corporation.
Since 1984, Mr. Imperiale has served as President of the Uniplan
Companies, a Milwaukee, Wisconsin based investment advisory
holding company that, together with its affiliates, manages and
advises over $2.5 billion in client accounts. Uniplan Companies
was founded by Mr. Imperiale in 1984 and specializes in managing
equity-income, REIT and micro cap specialty portfolios for
clients. Mr. Imperiale started his career at the First Wisconsin
National Bank (now U.S. Bank), where he served as a credit
analyst from September 1979 to April 1982. In May 1982, Mr.
Imperiale joined B.C. Ziegler Company, a Midwest regional
brokerage firm where he served as an Associate Portfolio Manager
and was instrumental in the development of portfolio strategies
for one of the first hedged municipal bond mutual funds in the
country. Mr. Imperiale currently sits on the board of Retail
Properties of America (RPAI: NYSE), a REIT that owns and operates
a portfolio of high quality, strategically located shopping
centers in the United States, and I-Select Fund, a St. Louis,
Missouri based venture fund. Previously, Mr. Imperiale sat on the
board of directors and was a member of the audit committee of
Ellington Housing Inc., a single family rental REIT, which
subsequently sold its single family homes to American Homes 4
Rent. Mr. Imperiale has authored several books on investing,
including Real Estate Investment Trusts: New Strategies for
Portfolio Management, published by John Wiley Sons, 2002. In 2013
Mr. Imperiale was recognized by the National Association of
Corporate Directors as a Board Leadership Fellow.
About REVEN HOUSING REIT, INC. (NASDAQ:RVEN)
Reven Housing REIT, Inc. is a holding company. The Company is an internally managed real estate investment trust. It is engaged in the acquisition, ownership and operation of portfolios of leased single family homes in the United States. Its objective is to generate cash flow and distribute resulting profits to its stockholders in the form of distributions, while gaining home price appreciation at the same time through the ownership of its portfolio properties. It operates its portfolio properties as single family rentals (SFRs), and generates its revenue from rental income from the existing tenants of the SFRs. As of December 31, 2015, it owned a total of 527 homes, of which 256 homes were in the Jacksonville, Florida metropolitan area; 168 homes were in the Houston, Texas metropolitan area; 94 homes were in the Memphis, Tennessee metropolitan area (with two of the Memphis homes located across the border in Mississippi), and nine homes were in the Atlanta, Georgia metropolitan area.
