Three years ago, the nation’s four largest operators of single-family rental homes joined together to form a trade group. The founding members of the group were Colony American Homes, Invitation Homes, American Homes 4 Rent, and Starwood Waypoint Residential Trust. Now, thanks to a series of consolidations, that big four is about to be a big two. Meet the new Invitation Homes, the nation’s largest single-family rental landlord, by a wide margin.

For the second time in two days, a business that carries the “Colony” brand name announced that it plans to shed that name and begin operating under a new name. First, it was Colony American Finance, which is being renamed CoreVest American Finance Lender after Fortress bought the company. Now, Colony Starwood Homes is rebranding as Starwood Waypoint Homes.

When Colony Starwood Homes got out of the non-performing loans business last year and sold off 1,675 NPLs for $265 million, the real estate investment trust said that it planned to use the funds from that sale to grow its portfolio of single-family rental homes. This week, Colony Starwood followed up on that promise and is growing its SFR business by agreeing to buy 3,106 single-family rental homes from GI Partners for $815 million.

One of the largest owners of single-family rental homes is getting out of the non-performing loan business, as Colony Starwood Homes announced Monday that it is selling off a massive portfolio of non-performing loans, basically closing the book on its NPL business.

Two of the nation’s largest owners of single-family rental homes announced a merger, stating that their combined businesses are an indication of the strength and stability of the single-family rental business. So what does it mean for the long-term future of SFRs?

The National Rental Home Council, a trade group made up of the nation’s largest owner-operators in the single-family rental space, announced its first board of directors. The NRHC said that the establishment of a board of directors will help to expand on the work the group has already done.

The National Rental Home Council, the trade group for single-family rental homes created by the largest owner-operators in the space, has released operational guidelines for the entire single-family rental industry.

For the last two years, McBride was Colony American Homes’ executive vice president of acquisitions, where he focused on CAH’s acquisition efforts and overall operational activities.

In total, the vacancy and delinquency rate by property count has risen nearly 81% in the last two months, from 4.7% in April to 8.5 in June.

Smaller investors with limited capital or deadlines to repay investors are now selling houses as bigger firms eagerly wait to buy them out.