Invitation Homes Announces Lead Investment in Pathway Homes
Company investment broadens opportunity and choice in the overall housing market
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced it has committed to providing $250 million of equity capital to launch Pathway Homes (“Pathway”), a new real estate company that provides unique housing solutions that address critical needs in the U.S. residential sector. Pathway works directly with customers to identify and purchase a home, offering them the opportunity to first lease and then buy the home outright at a future date. In addition to investing in the homes and technology platform for the startup and its real estate fund, Invitation Homes will provide maintenance and other services to all Pathway homes, enabling the Company to broaden its third-party property management services.
“Our investment in Pathway is part of our vision to provide opportunity and choice in the overall housing market,” said Dallas Tanner, President & CEO of Invitation Homes. “We saw an opportunity a decade ago to revolutionize the home rental industry and, now more than ever, believe that the single-family rental model is an advantage for the growing share of Americans who are opting not to buy a house. Now, with this innovative solution, we once again expand available housing choices and open the door to homeownership for millions of people who want to own a home.”
Pathway was launched by Invitation Homes, Regis Group and Fifth Wall with the intention of primarily serving first-time homebuyers that may not have access to traditional avenues to home ownership. For more information on Pathway or to get pre-qualified, visit www.yourpathway.com.
About Invitation Homes
Invitation Homes is the nation’s premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The Company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences.
About Regis Group
For more than 40 years, Regis has been a leading real estate private equity investor and operator with more than $20 billion of investments across national real estate platforms in the U.S. and the U.K. Regis has a demonstrated track record of success in identifying unmet customer needs and establishing national, institutionally-managed platforms to provide high quality real estate solutions at scale. Regis focuses on creating long-term, durable businesses and its proven strategies combine a deep customer focus, operational expertise, technological innovation and capital markets experience.
About Fifth Wall
Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology-driven innovation for the global real estate industry. With approximately $3.0 billion in commitments and capital under management, Fifth Wall connects many of the world’s largest owners and operators of real estate with the entrepreneurs who are redefining the future of the Built World. Fifth Wall is backed by a global mix of more than 90 strategic investors from more than 15 countries. Fifth Wall believes this strategic corporate consortium represents one of the largest groups of potential partners in the global Built World ecosystem, which can result in game-changing investments and collaborations in promising portfolio companies in retail, residential and multi-family, commercial, industrial, hospitality, and more. For more information about Fifth Wall, its partners, and portfolio, visit www.fifthwall.com.
