Invitation Homes, the largest single-family rental player with a portfolio of more than 80,000 units, is planning to expand its SFR lead by purchasing up to $1B worth of houses this year.
In an earnings call last week, Invitation Homes said the company would invest between $600M to $1B in acquiring houses in 2024, augmented with an additional $100M to $300M in purchases though its joint ventures.
The Dallas-based firm also may sell between $400M and $600M wholly owned houses this year to finance its acquisitions goals. The company and its joint venture partners sold 1,489 homes for $547M last year, continuing an upgrade of its portfolio with newly built houses acquired from PulteGroup and other homebuilders.
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