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.
.@a16z-backed Divvy Homes was sold for about $1 billion. But some investors may never see a dime. nice scoop by @bayareawriter: https://t.co/wTAVZEcPre via @TechCrunch
Metropolis Investment Holdings pays off 345 California loan - San Francisco Business Times https://t.co/GITOjRtXZP
California rent-to-own housing firm up for sale https://t.co/oJpdxMmBNZ