Blackstone acquisition creates one massive home-rental company
Blackstone | August 10, 2017
Private equity giant Blackstone Group is taking over Starwood Waypoint Homes and merging it with Invitation Homes in an all-stock deal that would create one massive home-rental company. After the deal closes, Invitation Homes stockholders will own about 59 percent of an $11 billion U.S. single-family rental company. Starwood Waypoint (NYSE: SFR) stockholders will own the rest.