INVH - SmartRent.com is said in talks to merge with SPAC Fifth Wall Acquisition

SmartRent.com, a seller of smart home-technology systems to apartment-building owners and developers, is reportedly in talks to go public through a merger with SPAC Fifth Wall Acquistion Corp. (FWAA).SmartRent is set announce the deal with Fifth Wall Acquisition as soon as tomorrow that will value the startup at $2.2B, according to a WSJ report.Separately, a small group of largest-building owners and housing developers in the U.S., will invest $155M in SmartRent, according to the paper. The investors include Blackstone (BX), Starwood Capital, Lennar (LEN) and Invitation Homes (INVH).Last month, SPAC Capitol Investment V gained on a deal to take Lennar-backed Doma public.

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SmartRent.com is said in talks to merge with SPAC Fifth Wall Acquisition