Silver Bay Realty Trust Corp. Announces Pricing of Initial Public Offering

  Silver Bay Realty Trust Corp. Announces Pricing of Initial Public Offering

Business Wire

NEW YORK -- December 14, 2012

Silver Bay Realty Trust Corp. (“Silver Bay”) announced today the pricing of
its initial public offering of 13,250,000 shares of common stock at a price to
the public of $18.50per share. The underwriters have been granted a 30-day
option to purchase up to an additional 1,987,500 shares of common stock to
cover over-allotments, if any. The shares are expected to begin trading on the
New York Stock Exchange on December 14, 2012 under the symbol “SBY.”

Silver Bay will acquire, concurrent with the closing of the offering, an
initial portfolio of more than 3,100 single-family residential properties
through entities associated with Two Harbors Investment Corp., a publicly
traded REIT (NYSE: TWO), and Provident Real Estate Advisors LLC, a private
capital management firm, in exchange for equity interests in Silver Bay or its
operating subsidiary, or cash.

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, and J.P. Morgan are
acting as joint book-running managers for the offering. Keefe, Bruyette &
Woods, RBC Capital Markets, JMP Securities and Zelman Partners LLC are acting
as co-managers for the offering.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission and was declared effective on December 13,
2012. The offering is being made only by means of a prospectus. A copy of the
final prospectus for the offering can be obtained from:

Credit Suisse Securities (USA) LLC    BofA Merrill Lynch               J.P. Morgan
                                                                         Securities LLC
                                                                         c/o Broadridge
                                       222 Broadway                      Financial
Attention: Prospectus Department                                         Solutions
                                       New York, NY 10038
One Madison Avenue                                                       1155 Long
                                       Attention: Prospectus             Island Avenue
New York, NY 10010                     Department
                                                                         Edgewood, NY
                                                                         11717
1-800-221-1037                         dg.prospectus_requests@baml.com   1-866-803-9204
newyork.prospectus@credit-suisse.com

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

About Silver Bay Realty Trust Corp.

Silver Bay Realty Trust Corp. is a newly organized Maryland corporation
focused on the acquisition, renovation, leasing and management of
single-family properties for rental income and long-term capital appreciation.
Upon consummation of the offering and related transactions, Silver Bay will
own more than 3,100 single-family properties located in Arizona, California,
Florida, Georgia, Nevada, North Carolina and Texas. Silver Bay intends to
elect and qualify to be taxed as a REIT.

Contact:

Silver Bay Realty Trust Corp.
Maria Cozine, 212-364-3247
 
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