American Homes 4 Rent, the largest publicly traded U.S. single-family home landlord, agreed to acquire a smaller competitor, American Residential Properties Inc., in a deal valued at $ 1.5 billion, including debt. The combined company will own more than 47,000 homes in 22 states and will have a stock-market value of $ 5.5 billion, according to a statement Thursday.

Foreclosure News

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