Latham & Watkins Advises Invitation Homes on Agreement to Provide Professional Management Services to Portfolio Owners

Invitation Homes Inc., the nation’s premier single-family home leasing and management company, has announced that it has begun a new era of providing professional property and asset management services to portfolio owners of single-family homes for lease. This next phase of the Company’s evolution is being launched through an inaugural agreement with a third-party portfolio owner that will bring over 14,000 single family homes onto the Company’s industry-leading platform. The agreement provides Invitation Homes with property and asset management fees that the Company believes are commensurate with its expertise and unmatched scale. Substantially all of the homes are located within the Company’s existing markets, predominantly Atlanta, Phoenix, Dallas, Carolinas, Orlando, and Tampa.

Latham & Watkins LLP represented Invitation Homes in the inaugural agreement with a corporate deal team led by New York partners Michael Haas and Mark Semotiuk, with associates Michael Nieberg and Alex Liscio.