Invitation Homes Agrees to Acquire Approximately 500 Additional Newly Built Homes
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing and management company, announced today that it is under contract to acquire approximately 500 additional newly built homes for a total investment of approximately $140 million.
- Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing and management company, announced today that it is under contract to acquire approximately 500 additional newly built homes for a total investment of approximately $140 million.
- The homes will be located in Charlotte, Jacksonville, and Nashville, and are being acquired through new relationships with three top-tier homebuilders, with deliveries expected to begin later this year.
- “As lack of supply continues to be a primary culprit in the high cost of housing, we are proud to further broaden our strong homebuilder partnerships to create additional housing,” said Scott Eisen, the Company’s Chief Investment Officer.
- The Company received deliveries of 648 newly built homes in 2023 and currently anticipates deliveries of approximately 1,000 new homes from its new product pipeline in 2024.