Two big companies that own single-family rentals said today that they are merging.
Starwood Waypoint Residential Trust, a publicly-traded real-estate investment trust, and Colony American Homes are coming together in a sign that they are betting on rents continuing to rise as American home ownership reaches a nearly 50-year low.
An executive chairman of Colony American Homes’ parent, Colony Capital, Thomas J. Barrack Jr., spoke with The Wall Street Journal and said the upcoming merger “demonstrates the long-term durability of the single-family rental industry.”
CBS News business analyst Jill Schlesinger discusses the impact this type of merger could have on the rental market with Here & Now‘s Robin Young.
Guest
- Jill Schlesinger, business analyst with CBS News and host of “Jill on Money.” She tweets @jillonmoney.
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![A foreclosure sign sits outside of a house that the owner was trying to sell in 2007 in Miami, Florida. These foreclosed single-family homes attract real-estate investors looking to accumulate more rental properties. (Raedle/Getty Images)](https://npr.brightspotcdn.com/dims4/default/2ee666c/2147483647/strip/true/crop/1280x853+0+0/resize/880x586!/quality/90/?url=http%3A%2F%2Fmedia.wbur.org%2Fwordpress%2F11%2Ffiles%2F2015%2F09%2F0921_rental-merger.jpg)