LA JOLLA, Calif., Sept. 5, 2012 /PRNewswire/ -- Reven Housing REIT,
Inc. ("Reven" or the "Company") (OTCQB: RVEN) announced today that,
subject to market conditions, it intends to offer up to
$25 million of shares of its common
stock in a private placement to eligible purchasers at the purchase
price of $1.00 per share. Reven
intends to use the net proceeds of this offering to acquire real
estate investments and for general corporate purposes.
The securities to be offered have not been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any
state securities laws; and unless so registered, the securities may
not be offered or sold in the United
States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. The common
stock will only be offered and sold to "accredited investors" as
defined in Rule 501(a) under the Securities Act.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and is neither an offer to sell nor a
solicitation of an offer to buy the common stock or any other
securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the common stock or
any other securities in any jurisdiction in which such offer,
solicitation or sale is unlawful.
This press release contains forward-looking statements that
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events and similar expressions.
Forward-looking statements may be identified by use of words such
as "may," "will," "should," "expects," "intends," "plans,"
"anticipates," "believes," "estimates," or "potential" or similar
words or phrases which are predictions of or indicate future events
or trends. Statements such as those concerning potential
acquisition activity, investment objectives, strategies,
opportunities, other plans and objectives for future operations or
economic performance are based on the Company's current
expectations, plans, estimates, assumptions and beliefs that
involve numerous risks and uncertainties, including the Company's
lack of (i) any real estate investment properties to date, (ii)
any agreements or understandings concerning the
Company's acquisition of real estate investment
properties and (iii) the capital required to acquire any such
properties. Any of these statements could prove to be
inaccurate and actual events or investments and results of
operations could differ materially from those expressed or implied,
including the ability of the Company to consummate the proposed
private placement based on the proposed terms or at all. To
the extent that the Company's assumptions differ from actual
results, the Company's ability to meet such forward-looking
statements, including its ability to invest in a diversified
portfolio of quality real estate investments, may be significantly
and negatively impacted. You are cautioned not to place undue
reliance on any forward-looking statements and the Company
disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, new information, future events or other
changes. Please refer to Company's Current Report on Form 8-K
filed with the Securities and Exchange Commission on July 9, 2012, and subsequently filed SEC reports,
for further information.
Contact: Taylor Carpenter
Reven Housing REIT, Inc.
7911 Hershel Ave., #201
La Jolla, CA 92037
(858) 459-4000
SOURCE Reven Housing REIT, Inc.