Invitation Homes has entered into an agreement with Rockpoint Group to form a new joint-venture partnership that will acquire homes in premium locations and at higher price points relative to the homes now targeted by the company and its previous venture with Rockpoint, which the two companies announced in October 2020.
“This new joint venture will enable us to expand our growth opportunities and serve the growing number of renters by choice who place a high premium on location,” said Dallas Tanner, president & CEO of Invitation Homes. “We view this as complementary to our established core investment strategy that remains the focus of our on-balance sheet investment.”
Tom Gilbane, a managing member at Rockpoint, said, “They are best-in-class operators, and together we are focused on creating high-quality attainable housing to meet the growing demand for single-family rentals. We feel this unique strategy is complementary to our long-term focus on creating