Altisource Residential Corp
* Altisource Residential Corporation announces acquisition of approximately 4,250 single family rental homes
* Deal for $652.3 million
* Says assets were acquired from investment funds sponsored by Amherst Holdings, LLC
* Acquired portfolio of 4,262 single family rental properties for aggregate purchase price of $652.3 million in seller financed deal
* Seller financing for transaction represented 75% of purchase price and was provided pursuant to a loan agreement
* Altisource Residential Corp says acquisition of properties will keep co on track to achieve its stated goal of 10,000 rental homes by end of 2016
* Residential obtained waiver of exclusivity provisions in existing master services agreement with Altisource Portfolio Solutions S.A. to complete portfolio deal
* The parties agreed to certain amendments to agreement, including a contingent liquidation fee of $60 million Source text for Eikon: Further company coverage:
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Source: Reuters.com
