Single-family rental home An Invitation Homes rental property in Jacksonville, FL.

DALLAS and SCOTTSDALE, AZ—Two of the single-family rental sector’s 800-lb. gorillas, Invitation Homes and Starwood Waypoint Homes, said Thursday they planned to combine in an all-stock merger of equals. The combined entity will operate under the Invitation Homes name, with a market capitalization of approximately $11 billion and a total enterprise value of around $20 billion.