Invitation Homes, Quarterra and Centerbridge formed a joint venture.

Invitation Homes, an owner and operator of single-family rental homes, and Quarterra, a private equity firm, and Centerbridge, an investment firm, formed a joint venture. Financial terms were not disclosed. “This partnership is emblematic of Lennar’s broader focus on building a healthier housing market across America and meeting the needs of families and individuals across the country. The shared build-to-rent vision between Lennar and Invitation Homes creates opportunities that make the single-family lifestyle in a quality-built home more attainable,” Stuart Miller, Lennar Executive Chairman and Co-Chief Executive Officer.