Items Tagged with 'single-family rental market'

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Massive single-family rental merger: Tricon Capital to acquire Silver Bay Realty Trust for $1.4 billion

Will create 4th largest publicly owned single-family rental operator
In a deal that will shake up the single-family rental industry, Tricon Capital Group announced this week that it plans to acquire Silver Bay Realty Trust in a $1.4 billion deal that will create one of the country’s largest operators of single-family rental homes.
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Invitation Homes goes public, raises $1.54 billion

Stock for single-family rental operator up in early trading
After months of rumors, Invitation Homes, Blackstone Group’s single-family rental operator, finally went public on Tuesday, raising more than $1.5 billion in its initial public offering. And in early trading, the stock traded above the IPO price of $20, checking in at $20.26 as of 10:58 a.m. Eastern.
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Blackstone's Invitation Homes prepares $1.5 billion IPO

Will sell 77 million shares in single-family rental operator
The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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Here are the 25 cities with the biggest rent hikes

Looking to become a single-family investor?
There’s still plenty of opportunity in the single-family rental market as steadily rising home prices keep profits up. The top places to invest in America, however, are always fluctuating, with this quarter’s top 25 list showing a notable departure from the past several quarters. Say goodbye to the Sunshine State.
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Blackstone reportedly files to take Invitation Homes public

WSJ reports IPO could raise $1.5 billion
Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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Altisource Residential struggles with shift to single-family rentals

Doubles portfolio but posts net loss in 3rd quarter
Just a few months ago, Altisource Residential celebrated the fact that it was about to double the size of its portfolio of single-family rental homes, a move that marked a significant step in the company’s transition from a buyer of non-performing loans to an operator of rental homes. But the company's move to single-family rentals isn’t without its stumbling blocks along the way, as the company announced Monday that it posted a net loss of $57.6 million, or $1.06 per diluted share, in the third quarter.
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American Housing Income Trust names new CEO

Industry veteran James Stevens replaces outgoing CEO Jeff Howard
American Housing Income Trust, a real estate investment trust that operates single-family rental homes in Arizona, Nevada and Texas, announced the company will now have new leadership as the REIT looks to expand its business.
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