Deals
Brookfield Nears $950 Million Purchase of Divvy Homes
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Brookfield Asset Management Ltd. is nearing a deal to buy 3,800 single-family rentals for about $950 million through an acquisition of startup Divvy Homes, according to a person familiar with the matter.
About 65% of the homes are in markets such as Atlanta, Dallas and Tampa, according to the person, who asked not to be identified discussing a private matter. After the acquisition, Brookfield’s Maymont Homes will oversee about 20,000 properties.