Invitation Homes to Buy 7,500 Newly Built Homes From PulteGroup

·4 min read

Leading single-family rental (SFR) company Invitation Homes (NYSE: INVH) recently unveiled the formation of a strategic partnership with homebuilder PulteGroup (NYSE: PHM). The real estate investment trust (REIT) will purchase 7,500 new homes over the next five years that PulteGroup will build expressly for this purpose. The companies have initially agreed on the construction and sale of more than 1,000 homes across seven communities PulteGroup is developing.

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