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Colony American Postpones Stock Sale as REIT Shares Fall

Tom Barrack’s Colony American Homes Inc., which owns more than 12,000 U.S. rental houses, postponed an initial stock offering as shares of real estate investment trusts decline, according to data compiled by Bloomberg.

The Scottsdale, Arizona-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.