This investment essay is on Altisource Residential Corporation (NYSE:RESI). The company is a good play on real estate recovery. We will now look into how the events affecting the housing and mortgage market in recent years create an opportunity to acquire single-family properties for rental purposes at valuations that meet certain investment objectives.
The Story So Far
Altisource Residential Corporation is a wholly owned subsidiary of Altisource, whose primary business is to acquire single-family properties (acquisition of sub-performing and non-performing loan) in US. The company got separated from Altisource to become an independent publicly traded company. The deal involved a contribution of $100 mn and the distribution of Class B common stock to the shareholders of Altisource in...
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