The company, which did not admit to any wrongdoing as part of the settlement agreement, said in a statement that it 'remains committed to providing a high-quality living experience for individuals and families who want flexibility and choice in housing.'
Farrar said while this lawsuit is rare, it reflects a change in the marketplace as more large investors purchase single-family homes and rent them out.
The investigation found renters often moved into homes that were dirty or had broken appliances. In a particularly harrowing report, Farrar said the heat was not fixed for several days at a home that a pregnant woman moved into during winter.
Invitation Homes also allegedly withheld security deposits from 65% of its tenants and only returned them if tenants complained to the company.
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