Invitation Homes merges with Starwood Waypoint Homes

Invitation Homes Merges With Starwood Waypoint Homes

Since the mortgage meltdown swept millions of Americans out of their homes, institutional investors have scooped up tens of thousands of these properties and converted them into rentals. Two major players in this Wall Street rampage — Invitation Homes and Starwood Waypoint Homes — are now merging to create a single-family rental giant valued at approximately $11 billion.