Invitation Homes and Rockpoint Group are forming a new joint venture partnership that will acquire homes at higher price points than what the companies usually target.
Dallas Tanner, President & CEO of Invitation Homes, said in prepared remarks that this new JV will enable it to serve the growing number of renters by choice who place a high premium on location.
Kori Covrigaru, co-founder and CEO of PlanOmatic, tells GlobeSt that offering a single-family rental product that is likely 30% to 60% higher in monthly rental prices "seems to be a good idea for the demand coming from aging millennials as well as boomers who are seeking the rental lifestyle with flexibility and convenience. Both ends of the generational spectrum are creating this demand and this joint venture partnership is poised to successfully deliver."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
