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Real Estate - JULY 29, 2021

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Invitation Homes and PulteGroup form JV

by Andrea Zander

Invitation Homes and PulteGroup have formed a strategic relationship. As part of this relationship, Invitation Homes expects to purchase approximately 7,500 new homes over the next five years that PulteGroup will design and build expressly for this purpose.

The companies have already reached agreement on the construction and sale of more than 1,000 homes across seven communities over the next several years, with the first sales expected to close in 2022. Initial projects are scheduled for delivery in Florida, Georgia, Southern California, North Carolina and Texas.

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