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Silver Bay Realty Trust Corp. Announces Closing of Over-Allotment Option

  Silver Bay Realty Trust Corp. Announces Closing of Over-Allotment Option

Business Wire

NEW YORK -- January 7, 2013

Silver Bay Realty Trust Corp. (NYSE: SBY) announced today that the
underwriters for its recently announced initial public offering of common
stock exercised in full their over-allotment option and the company sold an
additional 1,987,500 shares of common stock at the initial public offering
price of $18.50 per share. Silver Bay received net proceeds from the sale of
the additional shares of approximately $34.8 million after deducting
underwriting discounts and commissions, bringing the total net proceeds from
the offering to approximately $263.4 million. The closing of the sale of the
additional shares took place on January 7, 2013. Silver Bay intends to use the
net proceeds of the offering to purchase additional single-family properties,
to renovate such properties for rental to tenants and for working capital.

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

A registration statement relating to these securities was 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.
Silver Bay owns 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
maria.cozine@prcm.com
 
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