MELANY's data-driven read on Invitation Homes Inc. · Real Estate Operators (No Developers) & Lessors.
Invitation Homes owns more than 86,000 single-family rental homes, focusing on the starter and move-up segments of the housing market, with an average sale price of around $350,000 and generally less than 1,800 square feet. Its portfolio spans 17 target markets with high employment and household formation growth, over 70% concentrated in the Western US and Florida; 15 of the 17 markets have average rents below homeownership costs.
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