Palm Beach County’s biggest landlord plans public offering of shares

Boynton Beach house owned by Invitation Homes (Thomas Cordy/The Palm Beach Post)

Boynton Beach house owned by Invitation Homes (Thomas Cordy/The Palm Beach Post)

Wall Street landlord Invitation Homes has snapped up some 1,300 single-family houses in Palm Beach County in recent years. Now the Dallas-based company plans a $10 billion initial public offering, The Wall Street Journal reports.

Invitation Homes is banking that the U.S. homeownership rate will remain low and that middle-class families increasingly will rent rather than buy.

Reader Comments 0

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS