Invitation Homes agrees to acquire approximately 500 additional newly built homes

Invitation Homes has plans to acquire approximately 500 additional newly built homes for a total investment of approximately $140 million.

The homes will be located in Charlotte, N.C.; Jacksonville, Fla.; 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 CIO. “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.”

“Our 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