Invitation Homes' $89 million ResiBuilt buy brings building in-house

"Invitation Homes' $89 million acquisition of ResiBuilt one of homebuilding mergers and acquisitions' 2026 table-setters is a small deal that can change the rules of engagement and shift the balance of competitive power for two adjacent ecosystems. Here's the context: Single-family rental REITs, with an exception or two, have historically been buyers of homes. Single-family builders have historically been sellers of them."

"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 in a provided statement. ResiBuilt's best-in-class development expertise enhances our execution capabilities and expands our capacity to address one of the nation's most pressing challenges: housing affordability. By adding supply in desirable markets and creating communities that families are proud to call home, we believe we can make a meaningful impact."

"ResiBuilt has delivered more than 4,200 homes since 2018 across Georgia, Florida, and the Carolinas, and has 23 existing fee-building contracts and a pipeline of additional third-party fee opportunities. We've spent years building a best-in-class operation focused on delivering quality homes for the single-family rental market, said ResiBuilt Co-founder and President Jay Byce, in a press statement. Byce and 70 associates have joined Invitation Homes and will continue operating under the ResiBuilt brand."

Invitation Homes purchased ResiBuilt for $89 million plus up to $7.5 million in earn-outs tied to third-party fee-building performance. ResiBuilt is a 70-person, Atlanta-based build-for-rent developer and vertical-construction operator with more than 4,200 homes delivered since 2018 across Georgia, Florida, and the Carolinas. ResiBuilt holds 23 existing fee-building contracts and additional third-party opportunities in its pipeline. ResiBuilt staff and co-founder Jay Byce joined Invitation Homes and will continue operating under the ResiBuilt brand. The acquisition enhances Invitation Homes' execution capabilities, expands capacity to address housing affordability, and aims to add supply in desirable markets while internalizing vertical construction capability.

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