- 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.
Reliance Global executes contract on 260-unit apartment property
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