Reven Housing REIT, Inc., (NASDAQ:RVEN) engages in the acquisition and ownership of portfolios of occupied single family rental properties in the United States. RVEN currently owns and operates SFR's in Alabama, Florida, Georgia, Mississippi, Tennessee, Oklahoma, Texas and intends to expand throughout the United States. The company intends to qualify as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Reven Housing REIT, Inc., launched its new business plan to acquire portfolios of SFR's in 2012 and is headquartered in La Jolla, California.
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