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Single-family REIT Starwood Waypoint Residential Trust (NYSE: SWAY) and Colony American Homes, Inc. said Sept. 21 they have agreed to merge in a stock-for-stock transaction that will create a combined company with $ 7.7 billion in assets.
The new company will own and manage more than 30,000 homes and is expected to achieve estimated annualized cost synergies of $ 40 million to $ 50 million.
Doug Brien, CEO of Starwood Waypoint Residential Trust (NYSE: SWAY), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Based in Oakland, Calif., Starwood Waypoint Residential Trust acquires, renovates, leases, maintains and manages single-family homes. Brien said rental demand is at its highest level in more than six years due in part to construction remaining in check.
Gary Beasley, co-CEO of Starwood Waypoint Residential Trust (NYSE: SWAY), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Based in Oakland, Calif., Starwood Waypoint acquires, renovates, leases, maintains and manages single-family homes. Beasley discussed the importance of creating a strong brand for the company.
