Invitation Homes Deepens Commitment to Supporting the Next Generation of Skilled Trades Workers With New Partnerships with Local Colleges

Rhea-AI Summary

Invitation Homes (NYSE: INVH) announced partnerships with four trade schools to address the skilled trades worker shortage impacting the housing industry. The initiative, part of its 'Invitation to SkillUp' program, aims to raise awareness and provide career pathways in skilled trades through scholarships and direct engagement with students. The schools involved are Renton Technical College, Central Piedmont Community College, Manatee Technical College, and Center for Employment Training. Invitation Homes is committed to fostering trade school partnerships across its 16 operational markets.

Positive

• Partnerships with four trade schools aimed at addressing the skilled labor shortage in the housing sector.
• Expansion of the 'Invitation to SkillUp' initiative to foster educational opportunities and career pathways.
• Investment in American workforce and economic growth through enhanced education in skilled trades.

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• None.

DALLAS--(BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced today the signing of new partnership agreements with four trade schools in select Invitation Homes markets. Invitation Homes associates will work with these schools to raise awareness on the value an education in skilled trades can provide and highlight potential career pathways through volunteer efforts and engagement with students.

“It’s become clear over these past few years that our nation’s housing industry is facing a severe shortage of skilled trade workers—a factor that is contributing to the growing housing challenges we face,” said Dallas Tanner, president and chief executive officer of Invitation Homes. “We’re doing our part to help address this shortage by bolstering the institutions that train and prepare the skilled trades workers of tomorrow and showcasing the worthwhile opportunities these careers provide.”

These partnerships are an integral part of the Company’s skilled trades initiative, Invitation to SkillUp, which launched in 2021. Each engagement seeks to raise awareness on the value of a skilled trades education, while expanding access to these schools through need-based and minority scholarships and engaging Invitation Homes associates in working directly with students.

“Skilled trades workers play an integral role in Invitation Homes’ daily operations—ensuring that our homes are clean, safe and functional while acting as the most visible point of contact for the company through routine interactions with our residents,” said Tim Lobner, Invitation Homes executive vice president of operations support. “When we talk about creating a best-in-class experience for residents, it’s our maintenance professionals who uphold and advance our industry-leading standards and serve as some of our strongest brand ambassadors.”

Through SkillUp, Invitation Homes is investing in the American workforce, supporting economic growth, contributing to the stability of infrastructure, and providing opportunities in an uncertain economic environment.

The four schools that have signed partnership agreements with Invitation Homes are:

• Renton Technical College – Renton, Washington
• Central Piedmont Community College – Charlotte, North Carolina
• Manatee Technical College – Bradenton, FL
• Center for Employment Training – Colton, California

The Company intends to continue to expand engagement with schools through its SkillUp initiative, with the ultimate goal of fostering trade school partnerships in each of the 16 markets in which Invitation Homes operates.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230110005910/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

What is the recent news about Invitation Homes (INVH)?

Invitation Homes announced new partnerships with four trade schools to help address the skilled trades worker shortage in the housing industry.

Which trade schools partnered with Invitation Homes (INVH)?

The trade schools are Renton Technical College, Central Piedmont Community College, Manatee Technical College, and Center for Employment Training.

What is the goal of the Invitation to SkillUp initiative by Invitation Homes (INVH)?

The goal is to raise awareness of skilled trades education and provide access to career pathways through scholarships and engagement with students.

How does Invitation Homes (INVH) plan to support the skilled trades workforce?

The company will engage with schools and provide scholarships to promote skilled trades education, addressing the labor shortage in the housing sector.