| 2016-10-04 15:56:19|
AMH 15:56 10/04 10/04/16
Broadtree acquires 37 Atlanta area rental homes from American Homes 4 Rent
Broadtree Homes announced the acquisition of a portfolio of 37 single family rental homes in suburban Atlanta, Georgia, for a total purchase price of approximately $2.6M. Broadtree purchased the 37-unit portfolio from American Homes 4 Rent. The homes, which average 1,440 square feet, were acquired for an average purchase price of approximately $70,000, or just under $49 per square foot. As of closing, the portfolio was over 97% occupied.