Invitation Homes Announces Acquisitions Update, Says During The Months Of July And August, The Company Entered Into Agreements To Acquire 580 Single-Family Homes For Lease From Two Of Its Homebuilder Partners At A Total Investment Of ~$216M
Portfolio Pulse from Benzinga Newsdesk
Invitation Homes Inc. announced it has entered agreements to acquire 580 single-family homes for lease, investing approximately $216 million. These acquisitions are in core markets like Tampa, Denver, and the Carolinas, with 80% being completed homes.
September 09, 2024 | 8:32 pm
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Invitation Homes is expanding its portfolio by acquiring 580 single-family homes for $216 million, focusing on core markets like Tampa, Denver, and the Carolinas. This move strengthens its position in the single-family home leasing market.
The acquisition of 580 homes for $216 million indicates a strategic expansion in key markets, likely enhancing revenue potential and market presence. This is a positive development for investors, suggesting growth and increased asset base.
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IMPORTANCE 80
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