Resource Real Estate Completes Mergers of Three NTRs
February 3, 2021 | James Sprow | Blue Vault
Resource REIT, Inc. (“Resource”), formerly known as Resource Real Estate Opportunity REIT II, Inc., announced January 29 that it has completed its mergers with Resource Real Estate Opportunity REIT, Inc. (“Resource REIT I”) and with Resource Apartment REIT III, Inc. (“Resource REIT III”).
“We are extremely excited about the completion of the mergers and the strategic positioning of the combined company for the future,” said Alan Feldman, chairman, and CEO of Resource. “This has been a long, difficult, and unrelenting past year for the country and for those around the world. At Resource, our team has been laser focused on operating our assets expertly throughout the pandemic and simultaneously working towards the successful completion of the mergers. The combined $3 billion company with 51 apartment communities, located in some of the strongest suburban markets in the country, is well-positioned to take advantage of multifamily investment opportunities in the coming years.”
About Resource REIT, Inc.
Resource REIT is a self-managed real estate investment trust that owns a diverse portfolio of suburban apartment communities in targeted markets across the United States. Focused on long-term returns to generate income, the REIT owns approximately $3 billion of multifamily properties across 15 states as of December 31, 2020.
Sources: SEC, Blue Vault
