AHIT Adds Tucson, AZ Single-Family Homes to its Real Estate Portfolio

As head of American Housing Income Trust, Sean Zarinegar leads a public firm focused on the acquisition, management, and disposition of quality homes throughout the greater Phoenix area. In its previous incarnation as privately held American Realty Partners, Sean Zarinegar pursued the opportunistic strategy of acquiring distressed single-family home rentals and actively managing them as the market took an upward trajectory.

In August of 2015, Sean Zarinegar’s company announced its acquisition of nine single-family homes, with five of them situated in the attractive Tucson market. With each property averaging 1900 square feet, the total price of the transaction was $1.7 million. Six of the properties had one-year leases ongoing, while the others had multi-year leases.

Mr. Zarinegar emphasized that the acquisition brought the firm significantly closer to strategic objectives, with the move bolstering its portfolio to 43 homes spanning Texas, Nevada, and Arizona. Disclosed with the Securities and Exchange Commission, the transaction was particularly important in setting a template for 721 tax-deferred exchanges to go forward.

Full news of the AHIT acquisition can be accessed at http://www.prnewswire.com/news-releases/american-housing-income-trust-acquires-9-additional-homes-300123460.html.

A Brief Review of Arizona Fishing Regulations

 real estate and investment professional with experience in the Arizona, Colorado, and Southern California real estate markets, Sean Zarinegar serves as the CEO and chief financial officer of Phoenix-based American Housing Income Trust, Inc. Sean Zarinegar also enjoys fishing in his spare time, a hobby that requires individuals to obtain a fishing license for their respective area. Like some states, Arizona requires anglers to abide by a set of fishing rules and regulations.

Residents and non-residents 10 years of age or older require a license to fish in any body of water accessible to the public in Arizona, although blind residents are exempt from this rule. Children under the age of 10 do not need a license, but must still abide by bag limitations specified by state fishing regulations. Bag limitations vary by fish species, although regulations impose no limit on northern pike, crappie, sunfish, and other species of fish not indicated in the Arizona fishing regulations guide. In addition, regulations list roundtail chub as a catch and release only and certain native fish cannot be fished, including razorback suckers, beautiful shiners, desert pupfish, and Virgin spikedace.

Residents may purchase a fishing license from any licensed dealer found across the state for $37, whereas nonresident licenses cost $55. Resident disabled veterans and persons 70 years of age or older with a residency history of 25 consecutive years may acquire a complimentary license, but only through Arizona Game and Fish Department offices.

For more information about Arizona fishing licenses and requirements, visit www.azgfd.com/fishing.