Volume 2017 - Number 10
March 10, 2017
Signs of Consolidation in SFR Market: Canadian Firm To Buy Silver Bay, Altisource May Be Takeover Target
Tricon Capital Group’s recent announcement that it plans to buy single-family rental operator Silver Bay Realty Trust for $1.4 billion in cash is a potential sign that this thriving sector could be in for a round of consolidation. Once the deal is completed, the combined SFR company will have 16,800 homes in its stable of rentals – 9,000 coming from Silver Bay and 7,800 coming from Tricon American Homes, the U.S. residential division of the Toronto-based TCG. Among SFR operators, TAH/SBRT will rank...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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