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Reliance Global executes contract on 260-unit apartment property

Nov. 19, 2019 10:09 AM ETReliance Global Group, Inc. (RELI) StockRELIBy: Liz Kiesche, SA News Editor
  • Reliance Global Group (OTCPK:RELI +2.9%) affiliate, Reliance Global Holdings, executes the contract to acquire a 260-unit multifamily property.
  • RELI intends to complete the acquisition of the first 117 units in January 2020, marking the company's first acquisition in the real estate sector; 97% of the units are occupied.
  • The second phase of construction, consisting of 143 apartment units, is expected to be completed in mid-2020.

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