Invitation Homes Announces Acquisitions Update
Invitation Homes Inc. (NYSE: INVH), the leading single-family home leasing and management company in the US, has announced significant acquisitions for Q3 2023. The company has entered agreements to acquire 580 single-family homes from two homebuilder partners, with a total investment of approximately $216 million. These homes are located in Tampa, Denver, and the Carolinas.
Notably, 80% of the acquisitions are completed homes in various stages of stabilization, while the remaining 20% are future deliveries expected to begin later this month. This move aligns with Invitation Homes' external growth objectives and showcases the company's strategic partnerships with homebuilders across different development stages.
Invitation Homes Inc. (NYSE: INVH), la principale azienda di locazione e gestione di case unifamiliari negli Stati Uniti, ha annunciato importanti acquisizioni per il terzo trimestre del 2023. L'azienda ha definito accordi per acquisire 580 case unifamiliari da due partner costruttori di abitazioni, con un investimento totale di circa 216 milioni di dollari. Queste abitazioni si trovano a Tampa, Denver e nelle Carolinas.
È da notare che l'80% delle acquisizioni sono case già completate in diverse fasi di stabilizzazione, mentre il restante 20% sono consegne future attese a iniziare entro la fine del mese. Questa mossa è in linea con gli obiettivi di crescita esterna di Invitation Homes e mette in evidenza le alleanze strategiche dell'azienda con i costruttori di case in diverse fasi di sviluppo.
Invitation Homes Inc. (NYSE: INVH), la empresa líder en alquiler y gestión de casas unifamiliares en EE. UU., ha anunciado adquisiciones significativas para el tercer trimestre de 2023. La compañía ha firmado acuerdos para adquirir 580 casas unifamiliares de dos socios constructores, con una inversión total de aproximadamente 216 millones de dólares. Estas casas están ubicadas en Tampa, Denver y las Carolinas.
Es importante destacar que el 80% de las adquisiciones son casas completadas en varias etapas de estabilización, mientras que el 20% restante son entregas futuras que se espera comiencen a finales de este mes. Este movimiento está alineado con los objetivos de crecimiento externo de Invitation Homes y muestra las asociaciones estratégicas de la empresa con constructores en diferentes etapas de desarrollo.
Invitation Homes Inc. (NYSE: INVH)는 미국의 선도적인 단독 주택 임대 및 관리 회사로서 2023년 3분기 동안 중요한 인수를 발표했습니다. 회사는 두 주택 건설 파트너로부터 580채의 단독 주택을 인수하는 계약을 체결했습니다, 총 약 2억 1600만 달러의 투자를 포함합니다. 이 주택들은 탬파, 덴버, 그리고 캐롤라이나에 위치하고 있습니다.
특히, 인수의 80%는 여러 단계의 안정화 과정에 있는 완공된 주택입니다, 나머지 20%는 이번 달 말부터 시작할 예정이다. 이 움직임은 Invitation Homes의 외부 성장 목표와 일치하며, 다양한 개발 단계의 주택 건설업체와의 전략적 파트너십을 보여줍니다.
Invitation Homes Inc. (NYSE: INVH), le principal fournisseur de location et de gestion de maisons individuelles aux États-Unis, a annoncé d'importantes acquisitions pour le troisième trimestre 2023. L'entreprise a conclu des accords pour acquérir 580 maisons individuelles auprès de deux partenaires constructeurs, avec un investissement total d'environ 216 millions de dollars. Ces maisons sont situées à Tampa, Denver et dans les Carolines.
Il convient de noter que 80 % des acquisitions concernent des maisons déjà complétées à différents stades de stabilisation, tandis que les 20 % restants sont des livraisons futures qui devraient commencer plus tard ce mois-ci. Cette démarche est en accord avec les objectifs de croissance externe d'Invitation Homes et met en valeur les partenariats stratégiques de l'entreprise avec des constructeurs à différents stades de développement.
Invitation Homes Inc. (NYSE: INVH), das führende Unternehmen für die Vermietung und Verwaltung von Einfamilienhäusern in den USA, hat bedeutende Akquisitionen für das 3. Quartal 2023 angekündigt. Das Unternehmen hat Vereinbarungen zum Erwerb von 580 Einfamilienhäusern mit zwei Partnern aus der Bauindustrie getroffen, mit einer gesamt Investition von rund 216 Millionen Dollar. Diese Häuser befinden sich in Tampa, Denver und den Carolinas.
Bemerkenswerterweise sind 80% der Akquisitionen fertiggestellte Häuser in verschiedenen Stabilisierungsebenen, während die restlichen 20% zukünftige Lieferungen sind, die später in diesem Monat erwartet werden. Dieser Schritt unterstützt die externen Wachstumsziele von Invitation Homes und zeigt die strategischen Partnerschaften des Unternehmens mit Bauunternehmern aus verschiedenen Entwicklungsphasen.
- Acquisition of 580 single-family homes for $216 million, expanding the company's portfolio
- 80% of acquired homes are completed, potentially leading to faster revenue generation
- Acquisitions in core markets (Tampa, Denver, and the Carolinas) strengthening market presence
- Progress towards external growth objectives at attractive yields on cost
- Significant capital expenditure of $216 million may impact short-term liquidity
- 20% of acquisitions are future deliveries, which may carry completion risks
Insights
The acquisition of 580 single-family homes for
The mix of 80% completed homes and 20% future deliveries provides a balance between immediate revenue generation and future growth. This strategy allows for quicker stabilization of cash flows while also securing future inventory in a competitive market. The partnership with homebuilders demonstrates Invitation Homes' ability to leverage relationships for strategic acquisitions, potentially giving them an edge in securing prime properties.
Investors should note that while this expansion can drive revenue growth, it also increases the company's exposure to regional market fluctuations and property management challenges. The success of this investment will largely depend on Invitation Homes' ability to efficiently manage and lease these properties in a timely manner.
The
The strategy of acquiring both stabilized and future delivery homes provides a diversified approach to portfolio growth. The 80% of completed homes should contribute to near-term revenue, while the 20% future deliveries offer potential cost advantages if market prices continue to rise. This balanced approach may help mitigate risks associated with market timing and construction delays.
It's important for investors to monitor the company's ability to maintain occupancy rates and rental income growth across this expanded portfolio. The success of this investment will be reflected in future financial reports, particularly in metrics such as funds from operations (FFO) and net operating income (NOI).
Invitation Homes' focus on Tampa, Denver and the Carolinas indicates a strategic targeting of markets with strong demographic trends and economic growth potential. These areas have seen population growth and job market expansion, which typically drive demand for rental housing.
The company's partnership with homebuilders across various stages of development showcases a comprehensive approach to market penetration. By engaging in early planning stages, Invitation Homes can potentially influence housing developments to suit their portfolio needs, which could be a significant competitive advantage.
The acquisition of 580 homes is substantial and may impact local rental markets. Investors should monitor how this influx of rental properties affects supply-demand dynamics and rental rates in these specific areas. Additionally, the company's ability to efficiently lease and manage this increased inventory will be important for maintaining strong occupancy rates and rental income growth.
Overall, this move positions Invitation Homes to capitalize on the growing trend of single-family home rentals, which has gained traction among both millennials and downsizing baby boomers.
“We’re excited to have made further progress toward our external growth objectives this year at attractive yields on cost,” said Scott Eisen, the Company’s Chief Investment Officer. “These acquisitions further highlight the value of our homebuilder relationships, as well as our ability to partner with them across a spectrum of various stages, ranging from early planning of new and much-needed housing developments to purchasing of stabilized built-to-rent communities.”
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, updated homes with valued features such as close proximity to jobs and access to good schools. The Company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.
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 (the “Exchange Act”), which include, but are not limited to, statements related to the Company's expectations regarding the performance of the Company's business, its financial results, its 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, including, among others, risks inherent to the single-family rental industry and the Company's business model, macroeconomic factors beyond the Company's control, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners’ association and insurance costs, poor resident selection and defaults and non-renewals by the Company's residents, the Company's dependence on third parties for key services, risks related to the evaluation of properties, performance of the Company's information technology systems, risks related to the Company's indebtedness, and risks related to the potential negative impact of unfavorable global and
View source version on businesswire.com: https://www.businesswire.com/news/home/20240909468408/en/
Investor Relations Contact:
Scott McLaughlin
844.456.INVH (4684)
IR@InvitationHomes.com
Media Relations Contact:
Kristi DesJarlais
972.421.3587
Media@InvitationHomes.com
Source: Invitation Homes Inc.
FAQ
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