Invitation Homes Buys BTR Developer For $89M
Invitation Homes Inc., one of the nation’s largest single-family home leasing and management companies, acquired ResiBuilt, a Southeast build-to-rent developer, for $89M.
The Dallas-based housing giant’s move to purchase Atlanta-based ResiBuilt is part of a plan to grow its BTR development platform by combining construction lending and development, according to a release.
“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,” Invitation CEO Dallas Tanner said in a statement.
Invitation Homes, an S&P 500 company, owns and operates more than 110,000 homes in 16 U.S. markets, including Miami, Las Vegas and Atlanta, according to its website.
No land was included in the deal, but it did encompass 23 existing fee-building contracts, along with additional third-party fee opportunities not yet under contract and options to acquire roughly 1,500 lots in the future, the release said.
ResiBuilt, which has delivered more than 4,200 homes since its founding in 2018, will continue operating under the same brand, but its team of about 70 associates, including co-founder and President Jay Byce, joined Invitation Homes.
“We've spent years building a best-in-class operation focused on delivering quality homes for the single-family rental market,” Byce said in a statement. “Becoming part of Invitation Homes allows us to build on that foundation and broaden our reach to better serve families seeking quality rental homes.”
The move comes after President Donald Trump announced plans to begin taking steps to ban large institutional investors from buying more single-family homes, but an executive order issued Tuesday night to limit federal funding to SFR investors includes a carve-out for BTR communities.
BTR has grown rapidly. The communities expanded from 4% of single-family construction in the early 2020s to 7% by the halfway mark of 2025, according to Arbor Realty Trust.
UPDATE, JAN. 20, 9:36 P.M. ET: The story has been updated to reflect a new executive order by President Donald Trump to limit large institutional investor ownership of houses.
