Items Tagged with 'Invitation Homes'

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Invitation Homes goes public, raises $1.54 billion

Stock for single-family rental operator up in early trading
After months of rumors, Invitation Homes, Blackstone Group’s single-family rental operator, finally went public on Tuesday, raising more than $1.5 billion in its initial public offering. And in early trading, the stock traded above the IPO price of $20, checking in at $20.26 as of 10:58 a.m. Eastern.
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Blackstone's Invitation Homes prepares $1.5 billion IPO

Will sell 77 million shares in single-family rental operator
The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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Blackstone reportedly files to take Invitation Homes public

WSJ reports IPO could raise $1.5 billion
Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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National Rental Home Council names inaugural board of directors

Members are nation's largest single-family rental owner-operators
The National Rental Home Council, a trade group made up of the nation’s largest owner-operators in the single-family rental space, announced its first board of directors. The NRHC said that the establishment of a board of directors will help to expand on the work the group has already done.
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Invitation Homes prepping new single-family rental securitization

Company’s first in 2015 and fifth overall
Invitation Homes will the first out of the gate in 2015, as the Blackstone Group subsidiary is prepping the year’s first single-family rental securitzation. The offering, Invitation Homes 2015-SFR1, will be collateralized by a $540.9 million loan secured by first priority mortgages on 3,072 income-producing single-family homes.
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