It’s a sign that Wall Street investors feel that the single-family rental market is not slowing down. Two of the nation’s biggest SFR landlords are merging to form one landlord goliath. The all stock deal is expected to be good for stockholders, but you may be wondering what effect the merger will have on smaller landlords, tenants, and the single-family rental market as a whole.
The deal was announced as a “merger of equals” on August 10th between Invitation Homes and Starwood Waypoint, which was formerly known as Colony Starwood. Invitation brings 50,000 SFRs to the table, while Starwood brings 35,000. The combined entity will have 82,000 single-family rentals in 17 markets, and will keep the name Invitation Homes.
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