Amherst Residential’s $2.3 Billion Acquisition of Front Yard Residential

Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC served as financial advisors to Amherst Residential and Gibson, Dunn & Crutcher LLP served as Amherst Residential’s legal counsel. Deutsche Bank Securities Inc. served as financial advisor to Front Yard and Weil, Gotshal & Manges LLP servws as Front Yard’s legal counsel. Amherst Residential, LLC and Front Yard Residential Corporation (NYSE: RESI) have entered into a definitive merger agreement, whereby Amherst Residential will acquire Front Yard in a transaction valued at approximately $2.3 billion, including debt to be assumed or refinanced. The transaction is expected to close in the second quarter of 2020, subject to customary closing conditions.