{"id":424649,"date":"2021-01-29T09:18:28","date_gmt":"2021-01-29T14:18:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=424649"},"modified":"2021-01-29T09:18:28","modified_gmt":"2021-01-29T14:18:28","slug":"resource-reit-inc-completes-merger-of-three-reits","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/resource-reit-inc-completes-merger-of-three-reits\/","title":{"rendered":"Resource REIT, Inc. Completes Merger of Three REITs"},"content":{"rendered":"<h2>\nTransactions create a $3 Billion self-managed apartment REIT<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">PHILADELPHIA, Jan.  29, 2021  (GLOBE NEWSWIRE) &#8212; Resource REIT, Inc. (\u201cResource\u201d), formerly known as Resource Real Estate Opportunity REIT II, Inc., announced today that it has completed its mergers with Resource Real Estate Opportunity REIT, Inc. (\u201cResource REIT I\u201d) and with Resource Apartment REIT III, Inc. (\u201cResource REIT III\u201d).<\/p>\n<p>\u201cWe are extremely excited about the completion of the mergers and the strategic positioning of the combined company for the future,\u201d said Alan Feldman, chairman and CEO of Resource. \u201cThis has been a long, difficult and unrelenting past year for the country and for those around the world. At Resource, our team has been laser focused on operating our assets expertly throughout the pandemic and simultaneously working towards the successful completion of the mergers. The combined $3 billion company with 51 apartment communities, located in some of the strongest suburban markets in the country, is well-positioned to take advantage of multifamily investment opportunities in the coming years.\u201d<\/p>\n<p>\n        <strong>About Resource REIT, Inc.<\/strong><br \/>\n        <br \/>Resource REIT is a self-managed real estate investment trust that owns a diverse portfolio of suburban apartment communities in targeted markets across the United States. Focused on long-term returns to generate income, the REIT owns approximately $3 billion of multifamily properties across 15 states as of December 31, 2020.<\/p>\n<p>\n        <strong>Forward-looking Statements<\/strong><br \/>\n        <br \/>This press release contains statements that constitute \u201cforward-looking statements,\u201d as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. These statements are based on management\u2019s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; no assurance can be given that these expectations will be attained. Factors that could cause actual results to differ materially from these expectations include, but are not limited to, the potential adverse impact of the ongoing pandemic related to COVID-19 and the related measures put in place to help control the spread of the virus on the operations of the REIT and its tenants, which impact remains highly uncertain; availability of suitable investment opportunities; changes in interest rates; the availability and terms of financing; general economic conditions; market conditions; legislative and regulatory changes that could adversely affect the business; and other factors, including those set forth in the Risk Factors section of the REIT\u2019s most recent Annual Report on Form 10-K for the year ended December 31, 2019, as updated by the subsequent Quarterly Reports on Form 10-Q for the periods ended September 30, 2020 and filed with the SEC, and other reports filed by the REIT with the SEC, copies of which are available on the SEC\u2019s website,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tEjk1Fnn61FSVPjY4P50LnjNuk3OmGgzyvpERbzjNajJt41oXAJb3wnqZYfMNI-Z7NFr-KIhdLtpUKV8YCf_rg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sec.gov<\/a>.\u00a0Resource undertakes no obligation to update these statements for revisions or changes after the date of this communication, except as required by law.<\/p>\n<p>\n        <strong>Contacts<\/strong><br \/>\n        <br \/>Marianne McGuire<br \/>Chief Marketing Officer<\/p>\n<p>T: 267-256-5964<br \/>E: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SAv1WeqzWSj_6cNcvXYmprxqE8Y6d00AO1-Oo5a5Z1gLfv3FImklW4opg2Yg8u4H9oprbBaHiCNwfmF4O9WXCAtHXqIv29FmWoFQgCno2AI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">mmcguire@resourcereit.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0MzU5NyMzOTUwNTA2IzIxMjI0NDc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fd27cb67-8163-4c7c-8845-33b013a4c431\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Transactions create a $3 Billion self-managed apartment REIT PHILADELPHIA, Jan. 29, 2021 (GLOBE NEWSWIRE) &#8212; Resource REIT, Inc. (\u201cResource\u201d), formerly known as Resource Real Estate Opportunity REIT II, Inc., announced today that it has completed its mergers with Resource Real Estate Opportunity REIT, Inc. (\u201cResource REIT I\u201d) and with Resource Apartment REIT III, Inc. (\u201cResource REIT III\u201d). \u201cWe are extremely excited about the completion of the mergers and the strategic positioning of the combined company for the future,\u201d said Alan Feldman, chairman and CEO of Resource. \u201cThis has been a long, difficult and unrelenting past year for the country and for those around the world. At Resource, our team has been laser focused on operating our assets expertly throughout the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/resource-reit-inc-completes-merger-of-three-reits\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Resource REIT, Inc. Completes Merger of Three REITs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-424649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Resource REIT, Inc. Completes Merger of Three REITs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/resource-reit-inc-completes-merger-of-three-reits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resource REIT, Inc. Completes Merger of Three REITs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Transactions create a $3 Billion self-managed apartment REIT PHILADELPHIA, Jan. 29, 2021 (GLOBE NEWSWIRE) &#8212; Resource REIT, Inc. (\u201cResource\u201d), formerly known as Resource Real Estate Opportunity REIT II, Inc., announced today that it has completed its mergers with Resource Real Estate Opportunity REIT, Inc. (\u201cResource REIT I\u201d) and with Resource Apartment REIT III, Inc. (\u201cResource REIT III\u201d). \u201cWe are extremely excited about the completion of the mergers and the strategic positioning of the combined company for the future,\u201d said Alan Feldman, chairman and CEO of Resource. \u201cThis has been a long, difficult and unrelenting past year for the country and for those around the world. At Resource, our team has been laser focused on operating our assets expertly throughout the &hellip; Continue reading &quot;Resource REIT, Inc. 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(\u201cResource REIT III\u201d). \u201cWe are extremely excited about the completion of the mergers and the strategic positioning of the combined company for the future,\u201d said Alan Feldman, chairman and CEO of Resource. \u201cThis has been a long, difficult and unrelenting past year for the country and for those around the world. At Resource, our team has been laser focused on operating our assets expertly throughout the &hellip; Continue reading \"Resource REIT, Inc. 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