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Reven Housing REIT shareholder group OKs proposed merger

Reven Housing REIT Inc. said certain stockholders collectively owning about 70.7% of its shares voted in favor of the company's proposed acquisition by KBS Strategic Opportunity REIT Inc.

The shareholder approval became effective at 11:59 p.m. ET on Sept. 9.

Reven said no further action or shareholder vote is required to finalize the merger.