Colony Capital LLC’s Colony American Homes Inc. completed the fifth-ever sale of bonds backed by U.S. rental homes, with a $558.5 million offering in the new market.
Colony Capital LLC’s Colony American Homes Inc. is planning to sell $558.5 million of bonds backed by rental homes it manages, the fifth deal in the new securitization market since November.
On a rainy night in November, Mark Futral, wearing a red hooded sweatshirt, approached a white ranch house in Flowery Branch, a northeastern suburb of Atlanta, crowbar in hand.
Investors demanded mostly higher relative yields to buy securities tied to rental houses managed by Blackstone Group LP’s Invitation Homes as the largest single- family landlord completed the new market’s biggest deal.
Colony Capital LLC plans to remain a shareholder in hotelier Accor SA “for a long time yet,” Le Figaro reported.
Investors in the second-ever sale of securities backed by U.S. rental homes demanded higher relative yields to buy the debt this time around, a person with knowledge of the transaction said.
A partnership of Thomas J. Barrack’s Colony Capital LLC and Woodridge Capital Partners LLC bought the Ritz-Carlton Kapalua resort in Hawaii for an undisclosed amount.
Irish businessman Patrick McKillen, the largest shareholder in the company that owns London’s Claridge’s hotel, repaid his loans from the former Anglo Irish Bank Corp.
Tom Barrack’s Colony Capital LLC and a former chief executive officer of Risanamento SpA are making a joint bid for the Italian developer and property manager.