On Sept. 21, 2015, Barry Sternlicht’s Starwood Waypoint Residential Trust (NYSE:SWAY) and Colony American Homes, or CAH, another large single-family home rental business affiliated with Colony Capital’s (NYSE:CLNY) Thomas Barrack, Jr. announced a merger agreement between the two firms.
The stock-for-stock merger between The two Single-Family Home REITs is expected to deliver $40 million to $50 million in synergies, beginning in FY 2016.
Read more sources :
- Starwood Waypoint Residential Trust (NYSE:SWAY) Price Target Update – News Watch International
- Landlords to Merge, Betting on Rents – Beacon News
- Will Starwood Waypoint-Colony American Merger Set Stage for Further SFR … – CoStar Group
- Starwood Waypoint Residential Trust to Issue Quarterly Dividend of $0.19 on … – Financial Wisdom Works
- Two Single-Family Rental Giants Agree to Merge – DSNews.com
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Barry Sternlicht
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