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Invitation Homes Inc. (NYSE: INVH), the Dallas-headquartered single-family home leasing and management company, has promoted Timothy J. Lobner to executive vice president and chief operating officer, effective March 2.

Lobner has served as executive vice president and head of field operations since December 2023, overseeing the company’s property management operations. Prior to that, he was executive vice president for operations support since January 2014. Earlier in his career, he was a senior vice president at Trammell Crow Company, the commercial real estate development subsidiary of CBRE. Before beginning his real estate career, Lobner served as a nuclear submarine officer in the United States Navy from 1999 to 2005.

“We are extremely pleased to expand the role Tim plays in the organization and at the same time position Charles to focus more closely on our long-term strategy, including our plans for growth,” said CEO Dallas Tanner. “For more than a decade, both of these leaders have played an integral role in ensuring Invitation Homes maintains strong, effective operations. With this move, we continue developing our leadership to ensure both the continuity of our business and the success of our company.”