Reven Housing REIT has completed the purchase of 45 single family homes in the greater Jacksonville area for a combined $3 million. Most of the properties will be subject to year-long leases while the rest will be occupied on the basis of month-to-month agreements and multi-year obligations. The majority of the homes have three bedrooms and two baths with an average of 1,320 square feet. Reven Housing REIT, headquartered in La Jolla, CA , now controls 518 homes in the southeast U.S., primarily in Houston, Jacksonville, Memphis and Atlanta.
