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Major Rental-Home Companies Set to Merge as U.S. House Prices Recover

Aug 10, 2017 - The New York Times
Board and Executive Moves-Mergers and Acquisitions

After the housing market collapsed more than a decade ago, new investors poured in to buy foreclosed homes and rent them out. Now, a $4.3 billion deal suggests that the bargain-hunting binge in housing is finally over.

Two of the biggest institutional single-family landlords in the United States said Thursday that they planned to merge, an indication that the housing market has recovered much of the ground it lost in the financial crisis. And as home prices rise in many areas, affordable h...