Press Release

Invitation Homes' Cheryl King Named to "Power Women in Real Estate 2018"

Awards Recognize 50 of the Most Influential Women in Real Estate

Company Release - 11/14/2018 10:00 AM ET

DALLAS, Nov. 14, 2018 /PRNewswire/ -- Invitation Homes (NYSE: INVH) today celebrated the selection of Cheryl King, vice president of investments, as a recipient of Connect Media's "Power Women in Real Estate 2018," which recognizes the nation's 50 most influential women in real estate.  The second annual awards honor the achievements of women who have reached respected positions of leadership in the industry and whose inspirational stories are paving the way for others.

"The entire Invitation Homes team is thrilled to see Cheryl recognized," said Dallas Tanner, company founder and interim president. "Cheryl's accomplishment is indicative of the great team we have at Invitation Homes and underscores the strength of our diverse workforce."

While Invitation Homes represents a small portion of the overall housing market, the company buys and sells thousands of houses each year.  Following the 2017 merger between Invitation Homes and Starwood Waypoint Homes, the number of houses in the company's portfolio increased by more than 30,000.  As a result, there was a need to selectively refine the new portfolio by selling homes using a variety of both traditional and innovative disposition channels.  Cheryl was responsible for developing the market-specific strategies to achieve the company's disposition goals. Her highly focused and methodical approach contributed to her department exceeding its efficiency and profitability measures. 

"As Invitation Homes navigated through the integration of a significant merger, Cheryl was a key contributor to our disposition initiatives. Her efforts in this area continue to have a positive impact on the optimization of our portfolio so that both the company and our residents benefit," said Peter DiLello, senior vice president of the company's investment management group.  "Cheryl's ability to identify opportunities, organize resources and execute on strategy were key in enabling her team to surpass its goals.  We are thrilled that her talents have been recognized by the industry."

King is also known throughout Invitation Homes as one of the principal architects of the company's Resident First Look program, which offers Invitation Homes residents the opportunity to purchase their home when the company has decided to sell it.  The program, which was launched in 2016 and has expanded to include 13 of the 17 markets Invitation Homes serves, has been successful in enabling more than 100 Invitation Homes residents to become homeowners of the home they had been leasing.

"Cheryl has a true pioneering spirit," DiLello said.  "Nowhere was that more apparent than in her development of the Resident First Look program, which distinguished Invitation Homes within the industry and was life-changing for more than 100 individuals and families."

About Invitation Homes 
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.  The Company's mission statement, "Together with you, we make a house a home," reflects its commitment to high-touch service that continuously enhances residents' living experiences and provides homes where individuals and families can thrive.

Investor Relations Contact:
Greg Van Winkle
Phone: 844.456.INVH (4684)

Media Relations Contacts:
Kristi DesJarlais
Phone: 972.421.3587

Claire Buchan Parker
Phone: 202.257.2329


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SOURCE Invitation Homes