Corporate Landlord Example (From Us)

[pipllman]

Is this what a corporate landlord in the UK might look like?

http://www.starwoodwaypoint.com

Starwood Waypoint Residential Trust and Colony American Homes announced today the signing of a definitive merger agreement to combine the two companies in a stock-for-stock transaction. In connection with the transaction, SWAY will internalize the SWAY manager. The combined internally managed company is expected to own and manage over 30,000 homes and have an aggregate asset value of $7.7 billion at the closing of the transaction. The merger is expected to achieve estimated annualized cost synergies of $40 - $50 million.

“This merger is a transformative event for SWAY and for our industry,” stated Barry Sternlicht. “Combining two best-in-class teams, with a superior portfolio of homes in carefully selected geographic markets, positions us to deliver long-term capital appreciation for our shareholders while earning compelling current yields at or above those currently achievable in other major real estate asset classes.”

Added Thomas J. Barrack, Jr., “We believe this merger demonstrates the power of scale and consolidation and really crystallizes the long-term durability of the single-family rental industry; this combination of CAH and SWAY truly redefines this asset class, and the opportunity in front of us is immense.”

But all is not sweetness and light of course

http://www.complaintsboard.com/complaints/waypoint-homes-security-deposit-c723304.html

[Guest TheBlueCat]

There's good and bad landlords in all sectors. Personally, I've rented in the US from a large for profit landlord and it was a really good experience. Immeasurably better than my experiences of renting in the UK for example.