Brookfield Said to Near $950 Million Deal for Divvy Homes (1)

Brookfield Asset Management Ltd. is nearing a deal to buy 3,800 single-family rentals for about $950 million through an acquisition of startup Divvy Homes, according to a person familiar with the matter.

About 65% of the homes are in markets such as Atlanta, Dallas and Tampa, according to the person, who asked not to be identified discussing a private matter. After the acquisition, Brookfield’s Maymont Homes will oversee about 20,000 properties.

The deal hasn’t been finalized and could still fall through, the person said. Representatives for Brookfield and Divvy declined to comment. Fast Company reported earlier the companies were ...