Will they, or won't they? The question of whether Invitation Homes will buy about 2,000 single-family rentals from Starwood Capital Group is up in the air. A Bloomberg report recently said that the properties would be valued for $400,000 each, with the money going to Starwood REIT, which purportedly has faced redemptions and needs the capital.
Neither company commented and the report said the deal hasn't been finalized and may not actually happen.
Supposedly, Starwood has been in the market to unload units that it had picked up when prices were close to their peak. A "small number" are being sold to Pretium Partners, which had sold 2,300 homes to Starwood for more than $1 billion in 2021.
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