America’s Largest Landlord Adds $1 Billion for Its House Hunt

Real-estate investors have a mountain of money looking for a home. Lately a lot of it is ending up in suburban single-family houses.

Invitation Homes Inc., the country’s largest rental-home owner, on Wednesday disclosed a joint venture with Boston property investor Rockpoint Group LLC that will result in more than $1 billion for the landlord’s ongoing house hunt.

Invitation, which owns about 80,000 houses, has been buying at a clip of roughly $200 million a quarter since a pause at the onset of the coronavirus lockdown. It sold $448 million of new shares in June to fuel its expansion, and the agreement with Rockpoint will add enough cash to buy about 3,500 more homes, said Dallas Tanner, Invitation’s chief executive.

It is the latest example of cash flowing from large money managers to single-family-rental companies. Financiers created the companies a decade ago to buy foreclosed homes by the thousand following

Read More Read more

The Estates at Cane Island adds Cason Graye Homes to custom builder lineup

Published


Cason Graye Homes has been named a preferred custom builder in The Estates at Cane Island, where it joins Jeff Paul Custom Homes and William David Custom Homes in the Katy community’s gated enclave of estate properties.

Named Houston’s Best Custom Builder in 2019 at

Read More Read more