On January 20, 2016, RESI Shareholders Group announced that it has nominated 3 director candidates: Andrew L. Platt, Clifford Press, and Joshua E. Schechter to Altisource Residential Corporation's board of directors at the Company's 2016 annual meeting of stockholders. BLR Partners LP, together with the other participants named herein (collectively, "RESI Shareholders Group"), announced that it intends to file a preliminary proxy statement and an accompanying proxy card with the Securities and Exchange Commission to be used to solicit votes for the election of its slate of 3 director nominees at the 2016 annual meeting of stockholders of Altisource Residential Corporation.