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RiverBanc Multifamily Investors, Inc. Commences Initial Public Offering

CHARLOTTE, N.C., July 22, 2015 (GLOBE NEWSWIRE) -- RiverBanc Multifamily Investors, Inc. (the "Company"), a Maryland corporation, today announced that it has commenced the underwritten initial public offering of 3,800,000 shares of its common stock (the "Offering") pursuant to a registration statement filed on Form S-11 with the Securities and Exchange Commission. The Company was formed to acquire and manage a diverse portfolio of structured investments in multifamily apartment communities and intends to qualify and elect to be taxed as a real estate investment trust for the year ending December 31, 2015. In connection with the Offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 570,000 shares of its common stock at the initial public offering price. The estimated price range for the initial public offering is $19.00 to $20.00 per share of common stock. After pricing the Offering, the Company expects that its common stock will trade on the NASDAQ Capital Market under the symbol "RMI".

Baird, Keefe, Bruyette & Woods, a Stifel Company, and SunTrust Robinson Humphrey are serving as joint lead book-running managers in the Offering. Nomura and Oppenheimer & Co. are serving as book-running managers in the Offering. J.J.B. Hilliard, W.L. Lyons, LLC is serving as a co-manager in the Offering.

The Offering is being made only by means of a prospectus. A copy of the preliminary prospectus related to the Offering may be obtained, when available, from Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, telephone: 800-792-2473 or email syndicate@rwbaird.com; Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019, Attention: Capital Markets, telephone: 800-966-1559; or SunTrust Robinson Humphrey, Inc., Attention: Syndicate Department, 3333 Peachtree Road NE, Atlanta, GA 30326, telephone: 404-926-5744 or email STRH.Prospectus@suntrust.com.

A registration statement on Form S-11 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About RiverBanc Multifamily Investors, Inc.

RiverBanc Multifamily Investors, Inc. is a Maryland corporation that was formed to acquire and manage a diverse portfolio of structured investments in multifamily apartment communities. The Company targets investments principally in the form of preferred equity or joint venture investments in, and mezzanine loans secured by, multifamily apartment properties. The Company will be externally managed by RiverBanc LLC. The Company intends to qualify and elect to be taxed as a real estate investment trust under the Internal Revenue Code for the year ending December 31, 2015.

Forward-Looking Statements

This press release contains certain forward-looking statements, including statements with regard to the Company's proposed securities offering. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the proposed securities offering discussed above will be consummated on the terms described or at all. Completion of the proposed securities offering and the terms thereof are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, market conditions, failure of customary closing conditions and the risk factors and other matters set forth in the Company's registration statement on Form S-11 filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

CONTACT: Kevin Donlon Chief Executive Officer kdonlon@riverbanc.com or Douglas Neal President dneal@riverbanc.com (980) 201-4111

Source:RiverBanc Multifamily Investors, Inc.