Invitation Homes Seeks $1 Billion to Cash In on Housing Slowdown
- Rental company is on the hunt for a joint venture partner
- Single-family rental landlord oversees more than 85,000 homes
Single family homes in a housing development in Aurora, Colorado.
Photographer: Chet Strange/BloombergThis article is for subscribers only.
Invitation Homes Inc., the single-family rental giant born in the aftermath of the US foreclosure crisis, is seeking a joint venture partner to take advantage of the latest dislocation in home prices.
The landlord, which owns more than 85,000 homes, is working with Eastdil Secured to find a partner for a $1 billion joint venture, according to people familiar with the effort, who asked not to be named because the matter is private.