Announced
Financials
Tags
Pending
Private
United States
Friendly
Real Estate Holding and Development
Majority
Private Equity
Domestic
Joint Venture
real estate holding
Single Bidder
Synopsis
Invitation Homes, an owner and operator of single-family rental homes, and Rockpoint, a real estate private equity firm, agreed to form a $300m joint venture that will acquire high price-point single-family rental homes in premium locations. “This new JV will enable us to expand our growth opportunities and serve the growing number of renters by choice who place a high premium on location. We view this as complementary to our established core investment strategy that remains the focus of our on-balance sheet investment. In addition, we are thrilled to pursue this new JV alongside Rockpoint, with whom we have developed a strong and trusting partnership through our existing joint venture,” Dallas Tanner, Invitation Homes President & CEO.
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