Invitation Homes Inc. (INVH) Issues Acquisitions Update

Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing and management company, announced today an acquisitions update for its third quarter to date. During the months of July and August, the Company entered into agreements to acquire 580 single-family homes for lease from two of its homebuilder partners at a total investment of approximately $216 million. These homes are located in the Company’s core markets of Tampa, Denver, and the Carolinas. Approximately 80 percent of the acquisitions represent completed homes in various stages of stabilization, while the remainder are future deliveries expected to begin later this month.

“We’re excited to have made further progress toward our external growth objectives this year at attractive yields on cost,” said Scott Eisen, the Company’s Chief Investment Officer. “These acquisitions further highlight the value of our homebuilder relationships, as well as our ability to partner with them across a spectrum of various stages, ranging from early planning of new and much-needed housing developments to purchasing of stabilized built-to-rent communities.”

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