February 18, 2015

Willkie represents The American Home in the transaction, cited as one of the largest bulk purchases in the rental-home industry. 

On February 18, Willkie client The American Home announced that it had entered into a definitive agreement for the sale of a portfolio of single-family homes to Silver Bay Realty Trust Corp. for $263 million. The portfolio comprises approximately 2,460 single-family homes located in the southeastern United States.  As reported in a February 18 Bloomberg Business article, the transaction will be one of the largest bulk purchases in the rental-home industry.

The American Home is a fully integrated real estate investment and property management company with single-family homes in the southeastern United States.

The transaction was handled by partner David Drewes and associate Jennifer Coffey. Partner Laura Delanoy and associate Danielle Scalzo provided corporate advice, and partner Anthony Carbone provided tax advice.