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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1487782	Reven Housing Reit Inc.	RVEN	Real Estate Investment Trusts (6798)	841306078

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1603274	Xiaofan Bai	28C, 500 Zhangyang Road Shanghai F4 200120		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-05-26	370,400	$0.27	74,629,600	No	4	S	Indirect	By corporations King Apex II and King Apex III

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By corporations King Apex II and King Apex III

Footnotes

Allied Fortune (HK) Management Limited, a British Virgin Islands company ("Allied"), provides management services for King Apex Group Holdings II Limited, a company formed under the laws of the British Virgin Islands ("King Apex II"), and King Apex Group Holdings III Limited, a company formed under the laws of the British Virgin Islands ("King Apex III"). Allied is also a partial owner of King Apex II and King Apex III. Mr. Xiaofan Bai is the owner, Chief Executive Officer and Chairman of Allied.
On May 26, 2014, King Apex II sold 185,200 shares of common stock of Reven Housing REIT, Inc. ("Common Stock") and King Apex III sold 185,200 shares of Common Stock.
The voting and dispositive control over the shares of Common Stock held by King Apex II and King Apex III is shared by owners of, respectively, King Apex II and King Apex III, none of which has a veto power.