Invitation Homes Expands Portfolio, Acquires $650M Single-Family Home Portfolio In Sun Belt

Invitation Homes, the largest owner of rental houses in the US, recently made a significant acquisition. They purchased nearly 1,900 single-family homes in the Sun Belt for a total of $650 million. The majority of these properties are located in Texas, Florida, Phoenix, Las Vegas, and Los Angeles. The transaction allowed Invitation Homes to expand their portfolio with well-located properties at a discounted price, potentially from Starwood Capital Group.

Summary of transaction details

• Property Type: Single-Family Homes (SFR)
• Transaction Amount: $650,000,000
• Buyer: Invitation Homes - Dallas Tanner
• Seller: Starwood Capital Group - Barry Sternlicht
• Market: Texas, Florida, Phoenix, Las Vegas, & Los Angeles

This deal was facilitated by Dallas Tanner, the representative of Invitation Homes, and Barry Sternlicht, the representative of Starwood Capital Group. The transaction allows Invitation Homes to solidify their position as the largest owner of rental houses in the US, while providing Starwood Capital Group with an opportunity to divest their single-family homes. This strategic move not only strengthens Invitation Homes' market presence but also highlights their focus on acquiring prime properties in high-demand areas.