Turning single-family rentals from a mom-and-pop business into a Wall Street operation sounds like a good idea, but investor dollars say differently. Colony American Homes (CAHS, a spinoff of CLNY) postpones its IPO citing market conditions, reports the WSJ. The move comes amid the weak performance of recent IPOs American Residential Properties (ARPI) and Silver Bay Realty (SBY).
Turning single-family rentals from a mom-and-pop business into a Wall Street operation sounds...
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