National Commercial Real Estate News From CoStar Group
Colony American Home Files IPO To Roll-Up Ownership of Single-Family Homes
Having stoked a strongbox with about $2.2 billion in privately raised funds, fast-growing Colony American Homes Inc., is planning an initial public offering of common stock to raise at least $100 million more.
The Santa Monica, CA-based owner of single-family rental property is being spun-off into a real estate investment trust by Thomas Barrack's Colony Capital.
Colony American was one of the earliest entrants into the single-family residential...