Major Rental-Home Companies Set to Merge as U.S. House Prices Recover

Major Rental-Home Companies Set to Merge as U.S. House Prices Recover

Major Rental-Home Companies Set to Merge as U.S. House Prices Recoverbr Since the financial crisis, institutional investors like hedge fundsbr and investment firms, as well as private equity firms, have bought an estimated 200,000 single-family homes to operate as rentals.br Invitation Homes is majority owned by the Blackstone Group, one of the first private equity firms to begin buyingbr foreclosed homes in the aftermath of the 2008 financial crisis, then fixing them up and renting them out.br Two of the bigger institutional owners of single-family rentals in the United States are planning to merge in the latest signbr that affordable housing is becoming harder to find as home prices recover in much of the United States.br Yet the acquisition of foreclosed homes has slowed in recent years as real estate prices have recovered in many marketsbr that were a focus of companies like Invitation Homes and Starwood Waypoint Homes.br Invitation Homes and Starwood Waypoint Homes on Thursday announced a $4.3 billion stock deal, which the companies called a merger of equals.br There are about 17 million single-family rentals in the United States, most of which are owned by mom-and-pop landlords.


User: RisingWorld

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Uploaded: 2017-08-12

Duration: 01:59

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