Oakland, California-based single-family rental real estate investment trust Starwood Waypoint Residential Trust announced a successful third quarter with re-performing loan net sale proceeds of $78.2 million and a merger with Colony American Homes to create a combined portfolio of 30,000 SFR homes.
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Two Single-Family Rental Giants Agree to Merge
The combined company, which will be managed internationally, is expected to own and manage more than 30,000 single-family homes nationwide and have an asset value of about $7.7 billion when the transaction closes, according to the announcement.
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