REITs Complete Merger into SFR Giant

A single-family rental property in Orlando, one of about 82,000 now under the combined company’s ownership.

DALLAS—The combined entity bearing the Invitation Homes name began trading Thursday on the New York Stock Exchange as a merger creating the nation’s largest single-family rental landlord was finalized. Also known as Invitation Homes and trading under the INVH stock ticker it used prior to the combination with Starwood Waypoint Homes, the company owns and manages a portfolio of approximately 82,000 single-family properties.

The all-stock merger was first announced in August. Starwood Waypoint was itself the product of a 2015 merger between Starwood Waypoint Residential Trust and Colony American Homes. Invitation Homes was launched in 2012 by Blackstone, and went public earlier this year