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BRIEF-Altisource Residential announces acquisition of about 4,250 single family rental homes

Sept 30 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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