The largest single-family rental operator in the country could soon be publicly traded, as Bloomberg reports that Blackstone Group plans to take its single-family rental unit, Invitation Homes, public at some point in 2017.

The scoop comes courtesy of Bloomberg’s Heather Perlberg and Hui-yong Yu, who report that Blackstone has not yet determined when exactly to conduct the initial public offering on Invitation Homes, but currently plans to do so in the first half of next year.

From Bloomberg:

Invitation Homes, which would go public as a real estate investment trust, oversees about 50,000 houses across the U.S. Blackstone built the company in the aftermath of the housing crash, making the largest investment among big buyers that snapped up properties at depressed prices to institutionalize the business of leasing single-family homes. Their bet depended on unprecedented demand for rentals from Americans who lost residences to foreclosure and those unable to get mortgages as banks tightened credit.

Not only is Invitation Homes the biggest single-family rental operator, topping other industry giants like American Homes 4 Rent and Colony Starwood Homes, Blackstone is also, in its own words, “the largest owner of real estate in the world.”

For much more on Blackstone’s plans for Invitation Homes, click the link below.

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