Sidley is representing Starwood Waypoint Residential Trust (NYSE: SWAY), a REIT that is one of the largest publicly traded owners and operators of single-family rental homes in the United States, in the recently announced stock-for-stock transaction in which Colony American Homes, a REIT that is market leader in the acquisition, ownership, renovation, leasing and management of single-family residential homes in the United States, will merge into SWAY. In connection with the merger, Sidley is also representing SWAY in the internalization of SWAY’s 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. Completion of the transactions is expected to occur in the first quarter of 2016, and is contingent upon customary closing conditions, including the approval of SWAY’s shareholders. The Sidley team, led by Michael Gordon (Corporate-Chicago), includes Dick Astle (Corporate-Chicago), Gabriel Saltarelli and Neil Horner (Corporate-New York), Jason Friedhoff (Pooled Investment Entities-New York), Christian Brause and David Miller (Tax-New York), Rob Hardy (Employee Benefits-New York) and Edward Prokop (Real Estate-Los Angeles).
Source: www.sidley.com
