Invitation Homes Acquires Starwood Waypoint

    Author Josh LiPosted on Categories Real EstateTags , , , , , , , , , , , , , , , , , , , , , , , , ,
    Invitation Homes

    Invitation Homes (NYSE:$INVH), a subsidiary of Blackstone (NYSE:$BX), announced acquisition plans for Starwood Waypoint Homes (NYSE:$SFR) on Thursday. This will be an all-stock transaction that will create a single-family rental company worth around $11 billion.

    According to Invitation Homes, the deal will be completed based off a fixed exchange ratio that will exchange each Starwood Waypoint Homes share for 1.614 Invitation Home shares.

    The deal will result with shareholders of Invitation Homes owning 59% of the total company stock, while shareholders of Starwood Waypoint will own the remaining 41%. Already the announcement of the merger has sent shares of both companies soaring, as it effectively creates the the biggest single-family rental firm in the United States. Both companies’ shares hit record highs today.

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    Author Josh Li
    About the author: Josh is currently studying for a Bachelors in Business Management Organizational Studies at Western University, Ontario. He was awarded the Western Continuing Admission Scholarship in 2015. He is scheduled to graduate in 2109. Josh has worked as a business analyst, co-founded Master Badminton, a sporting goods website, and has written financial analysis, stock market updates, and informational articles on investing.