Blackstone Said to Plan Invitation Homes IPO for First Half 2017

  • Rally in shares of home-rental companies presents opportunity
  • Landlord is biggest in industry, with about 50,000 houses

Blackstone Group LP expects to take its Invitation Homes unit public in the first half of next year, capitalizing on a rally in U.S. single-family rental landlords to list the biggest company in the industry, according to two people familiar with the matter.

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