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Jan 23, 02:17 AM
Brookfield to Acquire Divvy Homes for $1 Billion, Including 3,800 Rentals, After $2.3 Billion Valuation Drop
VC
Real Estate
Business

Brookfield to Acquire Divvy Homes for $1 Billion, Including 3,800 Rentals, After $2.3 Billion Valuation Drop

Authors
  • TechCrunch
  • Bloomberg Markets
  • O.C. Register
9

Brookfield Asset Management is nearing a deal to acquire Divvy Homes, a rent-to-own startup, for approximately $1 billion. The acquisition will include 3,800 single-family rentals. Reports indicate that the deal, which was confirmed by Divvy Homes, is expected to leave some shareholders without a payout. Divvy Homes was previously valued at $2.3 billion, highlighting a significant decrease in its market valuation. The announcement of the deal has raised concerns among investors regarding potential financial losses.

Written with ChatGPT (GPT-4o mini).

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