Reliance Real Estate Trust, LLC is a newly organized Delaware limited liability company that intends to focus on the acquisition, ownership, leasing, management and redevelopment of multi-family residential properties throughout the United States. Our primary focus will be to acquire, own, manage and operate multi-family properties throughout the United States in an effort to create cash flow from operations, achieve sustainable long-term growth and provide attractive risk-adjusted returns to our shareholders through distributions and capital appreciation. We have agreed to acquire a portfolio of assets comprised of fifteen multi-family properties containing 1,143 apartment units located in Ohio, Kentucky, Indiana, Michigan and Georgia. The fifteen property portfolio is herein referred to as the âInitial Portfolio.â Each of the properties within the Initial Portfolio are held within a wholly owned special purpose entity, or the Property Subsidiaries, each of which are owned 100% by Reliance Property Group, LLC, or our âJoint Ventureâ.
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