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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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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