Deals
Invitation Homes Nears a Deal for 2,000 Starwood Rentals
- Starwood aiming to sell rental homes acquired in 2021
- Transaction would generate cash to help SREIT meet redemptions
Starwood Capital Group is nearing an agreement to sell a portfolio of rental houses to Invitation Homes Inc., according to people familiar with the matter.
The deal would generate funds for Starwood Real Estate Income Trust, which is facing redemptions, said the people, who asked not to be named because the discussions are private. The transaction could include roughly 2,000 homes and value the properties at about $400,000 each, one of the people said, adding that it hasn’t been finalized and may not go through.