Two of the country’s largest rental-home owners have agreed to merge, one of the clearest signs that Wall Street is betting home ownership rates will remain low and that a growing number of U.S. families will rent.
Blackstone Group and Starwood Waypoint Homes plan to combine in a bid for scale and operating efficiencies. The combined company would own about 82,000 homes in 17 metro areas, including Atlanta, Miami and Southern California.
Is this good for our housing market?
Read about it here: www.wsj.com/articles/with-merger-deal-blackstone-starwood-bet-on-being-americas-biggest-home-landlord-1502361000.