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Invitation Homes Buys ResiBuilt, Says It Can Deliver More Homes For American Families

Invitation Homes Buys ResiBuilt, Says It Can Deliver More Homes For American Families

Invitation Homes Inc. (NYSE:INVH) announced on Friday that it is sharpening its build-to-rent strategy by buying a Southeast-focused developer, adding in-house execution muscle as demand for rental single-family homes stays strong in high-growth markets.Invitation Homes has acquired ResiBuilt Homes, LLC for $89 million, plus up to $7.5 million in incentive-based earn-out payments tied to third-party fee-build performance.The transaction brings 23 existing fee-building contracts and additional third-party fee opportunities in the pipeline. Invitation Homes said the deal should be modestly accretive to 2026 ...Full story available on Benzinga.com