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Sternlicht: Invitation Homes, Starwood merger to deliver synergies

The single-family home rental market delivers margins as good as multifamily's, says Starwood Capital Group Chairman and CEO Barry Sternlicht. He says the merger of Starwood Waypoint and Blackstone's Invitation Homes, which is creating the largest single-family home rental company, will deliver over $50 million in synergies.

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