The Reverse Review, a reverse mortgage trade publication, has been acquired by Reverse Publishing, LLC, for an undisclosed sum.
Reza Jahangiri, CEO of American Advisors Group is the majority owner of Reverse Publishing, with Erik Richard, CEO of Landmark Reverse as a partner in the new venture.
The future of the publication was unknown after AppraiserLoft abruptly closed shop last week. Started by Aman Makkar, former CEO of AppraiserLoft in 2008, the magazine has a circulation of roughly 5,000 individuals, according those who did due diligence on acquiring the publication.
According to Jahangiri, the group plans to focus their efforts on the strategic planning of the publication and reshape the editorial direction over the next year. Staff at the Reverse Review will remain, the new leadership said in a statement.
“We plan to garner further involvement from industry leaders and continue to inform industry participants and observers about the benefits reverse mortgages provide to seniors,” said Jahangiri.
In addition to the magazine, which uses submissions from industry participants to fill the publication, the group plans to keep its Internet presence as well.
According to Quantcast, reversereview.com gets fewer than 1,000 visitors per month.
