Blackstone’s Invitation Homes to buy Starwood Waypoint, creating a $11B single-family rental company

Invitation Homes said on Thursday it would buy Starwood Waypoint Homes in an all-stock deal that would create a $11 billion U.S. single-family rental company. Under the deal, each Starwood Waypoint Homes share will be converted into 1.614 Invitation Homes shares,...