Invitation Homes Acquires ResiBuilt for $89 Million to Enhance BTR Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Acquisition Details: Invitation Homes has acquired ResiBuilt Homes for $89 million, plus up to $7.5 million in incentive payments, aiming to increase housing supply through new construction to meet rising market demand for affordable housing.
- Market Expansion: Since its founding in 2018, ResiBuilt has delivered over 4,200 homes, focusing on high-growth markets in Georgia, Florida, and the Carolinas, thereby enhancing Invitation Homes' competitive edge in the single-family rental market.
- Team Integration: Approximately 70 employees from ResiBuilt, including co-founder Jay Byce, have joined Invitation Homes and will continue to operate under the ResiBuilt brand, enhancing the company's development execution capabilities and market responsiveness.
- Future Growth Potential: The transaction includes 23 existing fee-building contracts and options to acquire 1,500 well-located lots, which is expected to modestly accrete to the Company’s 2026 AFFO per share, further driving the company's long-term growth strategy.
Analyst Views on INVH
Wall Street analysts forecast INVH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INVH is 34.25 USD with a low forecast of 31.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
7 Buy
8 Hold
0 Sell
Moderate Buy
Current: 26.750
Low
31.00
Averages
34.25
High
40.00
Current: 26.750
Low
31.00
Averages
34.25
High
40.00
About INVH
Invitation Homes Inc. is a real estate investment trust that conducts its operations through Invitation Homes Operating Partnership LP (INVH LP). INVH LP is engaged in owning, renovating, leasing, and operating single-family residential properties. Through THR Property Management L.P., a subsidiary of INVH LP, and its wholly owned subsidiaries (collectively, the Manager), it provides all management and other administrative services. The Manager provides professional property and asset management services to portfolio owners of single-family homes for lease. It has a vertically integrated operating platform that enables the Company to acquire, renovate, lease, maintain, and manage both the homes it owns and those it manages on behalf of others. Its business activity includes property operations, marketing and leasing, digital marketing initiatives and branding, resident relations and property maintenance, and investment and asset management. It has approximately 85,138 homes for lease.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
