Hunton & Williams Represents Altisource Residential Corporation in $652M Acquisition of Approximately 4,250 Single Family Rental Homes

Hunton & Williams LLP advised Altisource Residential Corporation (NYSE:RESI) in its $652.3 million acquisition of approximately 4,250 single family rental homes from investment funds sponsored by Amherst Holdings, LLC.

The transaction, which closed on September 30, was accomplished by an equity acquisition of the owner of about 3,868 properties, a simultaneous acquisition of title to an additional 394 properties from another investment fund operated by Amherst, and the closing of seller financing for the entire acquisition. The transaction more than doubles the size of the company’s single family rental portfolio and greatly enhances the company’s presence in new and existing strategic markets, including Florida, Texas, Georgia, Tennessee, North Carolina and South Carolina.

The Hunton team was led by Robert J. Hahn, with Andrew J. Blanchard, Matthew Mannering and Charles Matthews, and included Michael C. McCann and Lawton B. Way on M&A and securities law aspects; Mark R. Vowell for real estate matters; J.R. Smith for bankruptcy matters, and Kendal A. Sibley and Allison M. Stelter on tax issues.