Invitation Homes Plans New Joint Venture. What Does This Mean for Investors?

Founded during the Great Recession, Invitation Homes (NYSE: INVH) has slowly expanded its portfolio of single-family rental homes across the United States since 2012. It now owns and operates 80,000 homes across 16 markets and is the largest operator of single-family rental homes in the country.

With some analysts forecasting we could see an uptick in foreclosures and distressed homes next year, is there an opportunity for Invitation Homes to purchase more homes and grow its portfolio? The company seems to think so. It recently announced it has formed a $375 million joint venture with Rockpoint Group to acquire single-family homes and operate them as rentals. Invitation Homes will contribute $75 million, and Rockport will put in $300 million. But that’s just the start. The joint venture eventually plans to deploy over $1 billion to buy and renovate homes in the West and South, where Invitation Homes is already strong.

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Columbia Property Trust and Allianz Real Estate Expand Joint Venture to Include 221 Main Street in San Francisco

Allianz takes 45% interest in Columbia’s South Financial District tower at $400 million valuation

Brings combined gross asset value of joint ventures between Columbia and Allianz to $2.3 billion

Columbia Property Trust, Inc. (NYSE: CXP) and Allianz Real Estate today announced that they have completed the formation of a joint venture to recapitalize 221 Main Street in San Francisco. Allianz contributed cash of $180 million for a 45% ownership interest in the joint venture, which values 221 Main Street at $400 million. Consistent with most of the other ventures between Columbia and Allianz, Columbia will retain a 55% ownership stake and function as general partner for the venture. Columbia will also continue to oversee the day-to-day operations of the asset.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005838/en/

221 Main Street, a fully-leased, 381,000-square-foot office building in San Francisco’s South Financial District, is now part of an

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Zenith Labs Joint N-11 Reviews, Price for Sale & Benefits- Truth Revealed?

Press release content from TS Newswire. The AP news staff was not involved in its creation.

New York, 10016 ( TS Newswire ) — 06 Oct 2020

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