Invitation Homes Announces Joint Venture With Quarterra; Invitation Homes Acquired Minority Equity Interest In Portfolio Of Single-Family Homes For Lease That Are Part Of Upward America Joint Venture
Portfolio Pulse from Benzinga Newsdesk
Invitation Homes has entered into a joint venture with Quarterra, acquiring a minority equity interest in a portfolio of 4,400 single-family homes for lease, which are part of the Upward America Joint Venture. Invitation Homes will manage these homes within its core markets and invest in the joint venture.
April 30, 2024 | 8:57 pm
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Invitation Homes has expanded its portfolio through a joint venture with Quarterra, acquiring a minority stake in 4,400 single-family homes for lease.
The acquisition and management of a significant number of homes in Invitation Homes' core markets through a joint venture with Quarterra likely signal a strategic expansion and growth in assets under management. This move could be viewed positively by investors as it demonstrates INVH's commitment to growth and could potentially increase its revenue base.
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