Dallas’ Invitation Homes To Pay $140M for 500 Newly Built Homes in Charlotte, Nashville, and Jacksonville

Invitation, a single-family-home leasing and management company, said the homes are being acquired via new relationships with three "top-tier" homebuilders. Deliveries of the homes are expected to begin later this year.

Dallas-based Invitation Homes said it will acquire roughly 500 additional newly built homes for a total investment of about $140 million.

Invitation, a single-family-home leasing and management company, said the homes in Charlotte, North Carolina; Jacksonville, Florida; and Nashville, Tennessee. They’re being acquired via new relationships with three “top-tier” homebuilders. Deliveries of the homes are 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,” Invitation Homes Chief Investment Officer Scott Eisen said in a statement. “At the same time, we believe our strategy of partnering with the largest and best homebuilders to grow our footprint across the country offers the best risk-adjusted returns to our stockholders.”

Eisen said the company’s homes, “provide a choice for individuals and families to live in a great neighborhood that might not otherwise be accessible to them and create a chance for those same households to save money toward their goals.”

The company said it received deliveries of 648 newly built homes in 2023 and currently anticipates delivery of roughly 1,000 new homes from its new product pipeline in 2024.

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R E A D   N E X T

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