Invitation Homes is investing $250 million in the new rental housing program.The country’s largest investor in rental houses is backing a new company to lease-to-own homes.
“Our investment in Pathway is part of our vision to provide opportunity and choice in the overall housing market,” Dallas Tanner, Invitation Homes president and CEO, said in a statement. “We saw an opportunity a decade ago to revolutionize the home rental industry, and, now more than ever, believe that the single-family rental model is an advantage for the growing share of Americans who are opting not to buy a house.
Partnering with Invitation Homes in the new Pathway Homes venture are global real estate investor and operator Regis Group and venture capital firm Fifth Wall. The partners are pledging $750 million to the new program. Pathway Homes plans to help its customers identify a house, then it will purchase it on their behalf and rent it to them with an option to buy.
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