Ellington to Issue IPO for Single-Family Rental Operation

By remstaff & By Globe Street | May 31, 2013 at 01:01 PM

OLD GREENWICH, CT-Locally-based Ellington Management Group LLC says it plans to issue an IPO and then tap its proceeds for its rental home business.

OLD GREENWICH, CT-Locally-based Ellington Management Group LLC says it plans to issue an IPO and then tap its proceeds for its rental home business.

The $5.3-billion investment firm plans to acquire single-family homes, mortgages and multifamily loans and properties, according to a statement. The company did not state how much it planned to raise in the initial public offering. See story at Bloomberg News.

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