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Alternative Assets  + Real Estate  |  November 18, 2024
Invitation Homes Launches $500M JV with Real Estate Investor $200M initial deployment Invitation Homes Inc. has formed a $500 million, including debt, joint venture with an unnamed real estate investment partner to invest in newly constructed homes and communities in several high-growth markets. The JV will initially deploy $200 million. Invitation Homes will commit $50 million in equity, with potential to upsize commitments through follow-on investment tranches in the future, and provide management services, earning management fees and potential promoted interest. The partnership aims to leverage Invitation Homes' builder relationships, management expertise, and scale to expand their housing portfolio. “We believe our partnership approach to investing in new homes with builders is an optimal strategy for Invitation Homes to maximize risk-adjusted returns while also helping to bring high-quality new housing options to where they are greatly needed,” said Dallas Tanner, the Company’s CEO. Eastdil Secured served as financial advisor to Invitation Homes in arranging the JV, and Latham & Watkins LLP acted as the Company’s legal advisor.
Joe Palmisano
By: Joe Palmisano

Invitation Homes Launches $500M JV with Real Estate Investor

Invitation Homes Inc. has formed a $500 million, including debt, joint venture with an unnamed real estate investment partner to invest in newly constructed homes and communities in several high-growth markets.

The JV will initially deploy $200 million. Invitation Homes will commit $50 million in equity, with potential to upsize commitments through follow-on investment tranches in the future, and provide management services, earning management fees and potential promoted interest. The partnership aims to leverage Invitation Homes’ builder relationships, management expertise, and scale to expand their housing portfolio.

“We believe our partnership approach to investing in new homes with builders is an optimal strategy for Invitation Homes to maximize risk-adjusted returns while also helping to bring high-quality new housing options to where they are greatly needed,” said Dallas Tanner, the Company’s CEO.

Eastdil Secured served as financial advisor to Invitation Homes in arranging the JV, and Latham & Watkins LLP acted as the Company’s legal advisor.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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