REVEN HOUSING REIT, INC. (NASDAQ:RVEN) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement.

Atlanta 50 Purchase and Sale Agreement

On March 15, 2017, Reven Housing REIT, Inc. (the Company) closed
on the acquisition of 38 properties located in the Atlanta,
Georgia metropolitan area, to that certain Single Family Homes
Real Estate Purchase and Sale Agreement (the Agreement) with
Golden Alliance Management, LLC, a Georgia limited liability
company (the Seller). The Seller is unaffiliated with the
Company.

The contract purchase price for the 38 acquired properties was
approximately $2,662,900, exclusive of closing costs. The Company
funded 100% of the purchase with cash. The acquired properties
average 1,439 square feet and are mostly three-bedroom, two bath
homes. Of the acquired properties, 27 are currently subject to
one-year leases and 11 are subject to month-to-month leases.

Prior to the closing, the parties entered into an Amendment No. 2
to the Agreement for purposes of revising the Sellers
post-closing covenants to deliver financial statements and
records concerning the acquired properties. The foregoing
description of the Amendment No. 2 is qualified in its entirety
by reference to the full text of the Amendment No. 2, which is
attached hereto as Exhibit 10.1 and is incorporated herein by
reference.

Item 9.01 Financial Statement and
Exhibits

(d)Exhibits

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.

REVEN HOUSING REIT, INC. (NASDAQ:RVEN) Recent Trading Information

REVEN HOUSING REIT, INC. (NASDAQ:RVEN) closed its last trading session up +0.05 at 5.95 with 200 shares trading hands.