OAKLAND, CA-Starwood Waypoint Residential Trust, a leading single-family rental real estate investment trust, a has entered into a new $500 million secured credit facility with Citi. The credit facility has a three-year term and includes an option to extend for one additional year.

Separately, in connection with Starwood Waypoint's recent spin-off from Starwood Property Trust, Inc., on February 3, Starwood Waypoint Residential Trust plans to use about $100 million cash to continue to fund acquisitions of well-located, single-family homes and attractive non-performing loan portfolios and for general corporate purposes.

“We are excited to announce the closing of this credit facility following the completion of our successful spin-off transaction,” stated Nina Tran, chief financial officer of Starwood Waypoint Residential Trust. “This facility dramatically enhances our ability to continue to expand our business as a stand-alone entity while focusing on generating attractive risk-adjusted returns and increasing shareholder value. We are also evaluating securitization markets as part of our long-term capital plans.”