Invitation Homes and Rockpoint to form a $300m joint venture.

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.