In yet another sign that single-family rental owners are seeking out new arrangements to source product, Invitation Homes and PulteGroup have formed a partnership in which PulteGroup will supply the REIT with new houses.
Specifically, Invitation Homes expects to purchase approximately 7,500 new homes over the next five years from PulteGroup, the nation's third-largest homebuilder. The company will design and build expressly for this purpose.
Invitation Homes and PulteGroup have already reached an agreement on the construction and sale of more than 1,000 homes across seven communities over the next several years. The first sales are expected to close in 2022. Initial projects are scheduled for delivery in Florida, Georgia, Southern California, North Carolina and Texas.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
