It was a simple phone call between two real estate billionaires that led to the formation of a behemoth in the house-rental industry. Property investor Barry Sternlicht called Jon Gray, head of real estate for Blackstone Group LP, in the spring proposing a combination of Starwood Waypoint Homes, of which Sternlicht is chairman, and Invitation Homes Inc., majority-owned by Blackstone.

Foreclosure News



Leave a Reply

Your email address will not be published. Required fields are marked *