SFR giants Starwood Waypoint, Colony American Homes to merge

rental
By Max Adams
21 Sep 2015

The single family rental arms of Colony Capital and Starwood Capital Group announced on Monday plans to merge in a stock-for-stock transaction that will bring over 30,000 homes under the group’s collective management.

The companies have a combined value of $7.7bn. The new entity will own 30,305 homes with average occupancy of 93.1%. A third of the portfolio is located in Florida, one the states hardest hit by the housing crash. Starwood Capital Group chief executive officer Barry Sternlicht noted on ...

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