Invitation Homes Inc. (NYSE: INVH), the Dallas-headquartered single-family home leasing and management company, has acquired ResiBuilt Homes LLC, a build-to-rent (BTR) developer in the Southeast, for a contract price of $89 million plus up to $7.5 million in potential incentive-based earn-out payments tied to third-party fee-build performance.
Founded in 2018 and headquartered in Atlanta, ResiBuilt develops single-family communities in Georgia, Florida, and the Carolinas. To date, ResiBuilt has delivered more than 4,200 homes.
The transaction included 23 existing fee-building contracts along with a pipeline of additional third-party fee opportunities not yet under contract. While no land was included in the transaction, Invitation Homes secured options to acquire approximately 1,500 lots, providing optionality for future purchases.
ResiBuilt’s team of approximately 70 associates, including co-founder and President Jay Byce, have joined Invitation Homes and will continue operating under the ResiBuilt brand. ResiBuilt’s original parent company, RESICAP, will remain independent following the transaction and continue its current operations, but it will not compete with ResiBuilt in ground-up BTR construction.
“At our Investor Day in November 2025, we shared our long-term vision to create value through a dynamic BTR growth strategy that combines construction lending and development,” said Dallas Tanner, president and CEO of Invitation Homes. “Today’s announcement reflects months of thoughtful planning to advance that vision, and our acquisition of ResiBuilt is a key step forward. 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. We are excited to work with the ResiBuilt team to achieve these goals.”
