Arlington Asset Investment Corp. completed the acquisition of McLean SFR Investment, LLC from AVHS SFR II LLC for $87.1 million.
Arlington Asset Investment Corp. completed the acquisition of McLean SFR Investment, LLC from AVHS SFR II LLC on December 1, 2022. The acquisition included all the Company's remaining investments in SFR properties and its long-term debt facility secured by SFR properties, for a gross sale price of $87.1 million including the assumption of the debt liability, for a gain of $1.8 million that is net of accrued incentive fees and termination fees to the Company's third-party investment advisory firm.