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Reven Housing REIT exploring strategic alternatives

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Reven Housing REIT exploring strategic alternatives

Reven Housing REIT Inc. has enlisted RBC Capital Markets to assist it in exploring strategic alternatives.

The single-family residential REIT said options include a sale, a merger with another company or a strategic investment. Reven's market cap is about $40.5 million.

Chairman and CEO Chad Carpenter said in a release that the market has not acknowledged the company's efforts to "actively manage, scale and add value to our 989 single family home platform."