Cerberus Capital Management is set to acquire a portfolio of around 4,200 homes from rental company BLT Homes in the largest deal of its kind, according to people with knowledge of the matter.
The deal will elevate Cerberus into the top 10 of US rental home owners, and means BLT no longer owns any properties itself.
The homes are primarily located in cities in the US Midwest, as well as in Florida.
