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.

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