Which three nontraded REITs recently announced plans to merge, creating a pro forma portfolio consisting of 51 apartment complexes comprising 14,995 apartment units?
Answer: Three nontraded real estate investment trusts sponsored by Resource Real Estate LLC agreed to merge to create a $3 billion self-managed REIT. Resource Real Estate Opportunity REIT II Inc. will acquire Resource Real Estate Opportunity REIT Inc. and Resource Apartment REIT III Inc. in separate stock-for-stock deals.