Invitation Homes Investor Presentation Deck
July 2023 Portfolio Acquisition Of Exceptionally Well-Located Homes
High-growth portfolio that further enhances and leverages our scale and margin expansion opportunities
► 1,870 homes acquired from one seller in 3Q 2023 for approximately $645 million
► Over 90% of the homes overlap with our existing Sunbelt footprint, including within our Florida and Texas markets
along with Las Vegas, Phoenix, Atlanta and the Carolinas
This acquisition offers immediate benefits of scale at a value that we believe would have been impossible to replicate
th one-off buying in today's environment
We expect our best-in-class platform to help us achieve enhanced returns, starting with a Year 1 yield in the mid-5s
that we anticipate will grow quickly thereafter
Las
Vegas
264
Phoenix
217
Number of homes in core markets
Dallas
138
Houston
312
10
Atlanta
177
Tampa
347
Carolinas
98
Jacksonvill
42
Orlando
117
invitation homesView entire presentation