Invitation Homes (INVH) announced that it has entered into a joint venture with Quarterra Group Inc., a wholly-owned subsidiary of Lennar Corporation (LEN), Centerbridge Partners, L.P., and other high quality institutional investors. As part of their agreement, Invitation Homes has acquired a minority equity interest in a portfolio of single-family homes for lease that are part of the Upward America joint venture. Upward America has selected Invitation Homes to provide management services to the 4,400 homes located primarily within Florida, Texas, and the Carolinas.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INVH:
- Invitation Homes Stock (NYSE:INVH): This REIT Is Resilient Despite Rate Hikes
- Invitation Homes to acquire roughly 500 additional newly built homes
- Invitation Homes downgraded to Neutral from Buy at Citi
- Invitation Homes price target raised to $37 from $35 at Mizuho
- Nike downgraded, Pepsi upgraded: Wall Street’s top analyst calls
