Turn a house into a home, Invitation Homes (NYSE: INVH) acquires ResiBuilt for $89 million

Invitation Homes Inc. (NYSE: INVH) acquired ResiBuilt Homes, LLC for $89 million plus up to $7.5 million in potential incentive-based payments tied to third-party fee-build performance, according to a company statement.

ResiBuilt, founded in 2018 and headquartered in Atlanta, develops single-family communities in Georgia, Florida, and the Carolinas. The company has delivered more than 4,200 homes since its founding. ResiBuilt’s approximately 70 employees, including Co-founder and President Jay Byce, joined Invitation Homes and will continue operating under the ResiBuilt brand.

The transaction included 23 existing fee-building contracts and a pipeline of additional third-party fee opportunities. Invitation Homes secured options to acquire approximately 1,500 lots, though no land was included in the initial transaction. The company expects the acquisition to be modestly accretive to 2026 AFFO per share.

“Today’s announcement reflects months of thoughtful planning to advance that vision, and our acquisition of ResiBuilt is a key step forward,” said Dallas Tanner, President and Chief Executive Officer of Invitation Homes.