Renters Warehouse, a property management company that specializes in managing rental houses, announced recently that it hired Nolan Jacobson to serve as the company’s executive vice president of finance. Prior to joining Renters Warehouse, Jacobson worked as the treasurer of Silver Bay Realty Trust, a real estate investment trust that owned and operated single-family rental homes.

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.

Silver Bay Realty Trust, a real estate investment trust and one of the country’s largest operators of single-family rental homes, is expanding its portfolio. The REIT announced Wednesday that it plans to acquire approximately 320 leased homes located in Atlanta, Tampa and Orlando from an undisclosed seller for approximately $41.5 million in cash.

Silver Bay Realty Trust, a real estate investment trust that focuses on single-family rental homes, announced Tuesday that David Miller, the company’s president, CEO and a member of its board of directors, is resigning, effective immediately.

Silver Bay Realty Trust rode its increasing portfolio of single-family rental homes to a 23% jump in first-quarter revenue, the company reported earlier this week. And that's just the tip of the iceberg for the real estate investment trust.

Silver Bay Realty Trust announced the completion of the previously announced acquisition of more than 2,000 rental homes from The American Home. When Silver Bay first announced the transaction in February it called the deal a “transformational milestone” for the real estate investment trust.

When David Miller, the president and CEO of Silver Bay Realty, said in November that the real estate investment trust was planning to grow its portfolio of single-family rental homes, he wasn’t kidding. The REIT just acquired 2,460 rental homes, increasing its portfolio by nearly 38%.

The company reported a net loss attributable to common stockholders of $44.9 million in the third quarter. That net loss equates to a loss of $1.17 per share, compared to net loss attributable to common stockholders for the second quarter of 2014 of $5 million, or a loss of $0.13 per share.