Invitation Homes Invests in Fifth Wall Climate Technology Fund

Rhea-AI Summary

Invitation Homes (NYSE: INVH) announced an investment in Fifth Wall’s Climate Technology Fund, targeting decarbonization in the real estate sector. CEO Dallas Tanner emphasized the company's commitment to sustainability and innovation. The fund focuses on technologies that enhance eco-friendly practices across real estate, including materials and operations. Invitation Homes is among the first investors, joining other leaders in the space. The company also integrates smart technology and other sustainable practices to improve energy efficiency and reduce waste, contributing to its environmental goals.

Positive

• Investment in Fifth Wall’s Climate Technology Fund supports sustainability initiatives.
• Participation positions Invitation Homes as a leader in real estate sustainability.
• Integration of Smart Home technology can save residents up to 15% on energy bills.
• Ongoing operational improvements aim to reduce environmental impact.

Negative

• None.

Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation's premier single-family home leasing company, announced today that it has invested in Fifth Wall’s Climate Technology Fund.

“We are committed to creating a better way to live and to being a force for positive change, while at the same time advancing efforts that make our company more innovative and our processes more sustainable,” said Invitation Homes President & CEO Dallas Tanner. “We’re very pleased to support the climate tech fund and to be at the forefront of helping to find and advance climate-friendly home solutions.”

The Climate Tech Fund invests in technologies that address decarbonization across all stages of and asset classes within the global real estate ecosystem, including materials, construction, operations, and revitalization. Invitation Homes joins Ivanhoé Cambridge and others who are among the first group of investors to participate in the fund.

“Invitation Homes has taken a true leadership position among major real estate investment trusts through its participation in Fifth Wall’s Climate Technology Fund,” said Brendan Wallace, Co-Founder & Managing Partner, Fifth Wall. “Decarbonizing the residential sector is critical to the future of our environment. It’s inspiring to see a leader in the residential space, like Invitation Homes, commit to the science and R&D required to make real estate more sustainable.”

In addition to this investment, Invitation Homes continues to build its sustainability related operational actions and investments, including the use of Smart Home technology that helps residents save up to 15% on their energy bills; water-saving landscaping in arid locations; low-flow plumbing; electronic work orders that reduce paper waste; route optimization and stocked vehicles that decrease drive time for maintenance technicians; and an air filter home delivery program that helps provide better air quality in homes and improve HVAC efficiency. A full view of the Company’s environmental sustainability efforts can be found here.

About Invitation Homes

Invitation Homes 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/20210716005060/en/

FAQ

What is Invitation Homes' investment in Fifth Wall's Climate Technology Fund about?

Invitation Homes invested in Fifth Wall’s Climate Technology Fund to support technologies focused on decarbonization in the real estate sector.

How does Invitation Homes support sustainability?

The company implements Smart Home technology, water-saving landscaping, and low-flow plumbing among other initiatives to enhance sustainability.

What are the expected benefits of the Climate Technology Fund investment by Invitation Homes?

The investment aims to advance climate-friendly home solutions and enhance the company's innovative capabilities.

Who are the other investors in Fifth Wall's Climate Technology Fund?

Invitation Homes is joining other major players like Ivanhoé Cambridge as early investors in the fund.

What is the significance of decarbonization in the residential sector?

Decarbonization is crucial for environmental sustainability, aiming to reduce carbon footprints in real estate operations.