News Details

DALLAS--(BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, announced today its acquisition of ResiBuilt Homes, LLC (“ResiBuilt”), a leading build-to-rent (“BTR”) developer in high-growth markets across the Southeast. The acquisition strengthens Invitation Homes’ ability to deliver thoughtfully designed communities that meet the needs of today’s families. By increasing housing supply through new construction and leveraging capital-light partnerships, the Company aims to help address the nation’s growing demand for attainable, high-quality housing. Invitation Homes acquired ResiBuilt for a contract price of $89 million plus up to $7.5 million in potential incentive-based earn-out payments tied to third-party fee-build performance.

Headquartered in Atlanta, ResiBuilt develops single-family communities in Georgia, Florida, and the Carolinas. Since its founding in 2018, ResiBuilt has delivered more than 4,200 homes and earned a reputation for quality construction, operational efficiency, and a resident-focused approach to community design. ResiBuilt’s team of approximately 70 associates, including Co-founder and President Jay Byce, have joined Invitation Homes and will continue operating under the ResiBuilt brand.

The transaction included 23 existing fee-building contracts along with a pipeline of additional third-party fee opportunities not yet under contract. As a result, the transaction is expected to be modestly accretive to the Company’s 2026 AFFO per share. While no land was included in the transaction, Invitation Homes secured options to acquire approximately 1,500 well-located lots, providing optionality for future purchases.

"At our Investor Day in November 2025, we shared our long-term vision to create value through a dynamic BTR growth strategy that combines construction lending and development," said Dallas Tanner, President and Chief Executive Officer of Invitation Homes. "Today’s announcement reflects months of thoughtful planning to advance that vision, and our acquisition of ResiBuilt is a key step forward. ResiBuilt’s best-in-class development expertise enhances our execution capabilities and expands our capacity to address one of the nation’s most pressing challenges: housing affordability. By adding supply in desirable markets and creating communities that families are proud to call home, we believe we can make a meaningful impact. We are excited to work with the ResiBuilt team to achieve these goals."

"Joining Invitation Homes is an exciting opportunity for our team and our business," said Byce. "We've spent years building a best-in-class operation focused on delivering quality homes for the single-family rental market. Becoming part of Invitation Homes allows us to build on that foundation and broaden our reach to better serve families seeking quality rental homes."

ResiBuilt’s original parent company, RESICAP, will remain independent following the transaction. RESICAP will continue to operate in its existing BTR and single-family rental joint ventures, property management, land entitlement/development, maintenance, and renovation verticals, but will be restricted from competing with ResiBuilt in ground-up BTR construction.

“We’re proud of what we’ve built with ResiBuilt and look forward to seeing it grow as part of Invitation Homes,” said RESICAP Chief Executive Officer Andy Capps. “As ResiBuilt begins this next chapter, RESICAP will continue operating as a separate business that is committed to our long-standing mission: delivering high-quality housing solutions and operational services across the SFR and BTR landscape.”

Jones Day served as the Company’s legal counsel, and Alston & Bird and Zelman served as legal and financial advisors, respectively, to RESICAP.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality homes with valued features such as close proximity to jobs and access to good schools. Our purpose, Unlock the Power of Home™, reflects our commitment to providing living solutions and Genuine CARE™ to the growing share of people who count on the flexibility and savings of leasing a home.

About ResiBuilt ResiBuilt is a top real estate developer, specializing in residential construction and management. With a focus on innovation, quality, and customer satisfaction, ResiBuilt has become a trailblazer in the housing industry, offering exceptional living experiences across the Southeast.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which include, but are not limited to, statements related to the Company’s (references to “we,” “our,” and “us” below refer to the Company) acquisition of ResiBuilt, expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “guidance,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties that may impact our financial condition, results of operations, cash flows, business, associates, and residents, including, among others, risks inherent to the single-family rental industry and our business model, macroeconomic factors beyond our control, federal, state, and local laws and regulatory requirements, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners’ association fees and insurance costs, poor resident selection and defaults and non-renewals by our residents, our dependence on third parties for key services, risks related to the evaluation of properties, performance of our information technology systems, development and use of artificial intelligence, risks related to our indebtedness, risks related to the potential negative impact of fluctuating global and United States economic conditions (including inflation and imposition or increase of tariffs and trade restrictions by the United States and foreign countries), uncertainty in financial markets (including as a result of events affecting financial institutions), geopolitical tensions, natural disasters, climate change, and public health crises. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under Part I. Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 (the “Annual Report”), as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release, in the Annual Report, and in our other periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent otherwise required by law.