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Texas  |  October 8, 2020
More than one-third of all U.S renters have chosen single-family rentals
Paul Bubny
By: Paul Bubny

Invitation Homes Teams with Rockpoint for SFR Acquisitions

Invitation Homes Inc. and Rockpoint Group have formed a $375-million joint venture to acquire single-family homes and operate them as rental residences. Dallas-based Invitation Homes will contribute $75 million along with investment, asset management and property management services to the JV, with Boston-based Rockpoint putting up $300 million.

“We believe both the fundamentals in our sector and the need for high-quality rental housing in the US are as strong as they have been in our company’s history, and we are thrilled to be expanding the channels through which we can invest for the benefit of our local communities and our shareholders,” said Invitation Homes CEO Dallas Tanner.

A total of $1 billion-plus, including debt, is expected to be deployed by the JV to acquire and renovate single-family homes in the Western US, Southeast, Florida, and Texas, where Invitation Homes already owns homes.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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