Invitation Homes announced Thursday that it is acquiring build-to-rent developer ResiBuilt.

Invitation Homes—one of the largest institutional landlords, which wholly owns 86,139 single-family rentals—announced Thursday that it has acquired ResiBuilt, a Southeast-focused build-to-rent (BTR) developer, for $89 million.

Atlanta-based ResiBuilt has delivered more than 4,200 homes since its founding in 2018 and operates across Georgia, Florida, and the Carolinas. The transaction includes 23 existing fee-build contracts and a pipeline of additional third-party development opportunities. Invitation Homes also secured options on approximately 1,500 lots.

https://www.resiclubanalytics.com/p/institutional-landlord-invitation-homes-homebuilding-housing-market-build-to-rent-bet-resibuilt

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