Invitation Homes has acquired Atlanta-based homebuilder ResiBuilt for $89 million, signaling a deeper investment in the build-to-rent sector. The Dallas-based company announced on Friday that it finalized the purchase two days earlier. The transaction includes up to $7.5 million in incentive-based payments, 23 active building contracts, and access to a broader pipeline of potential projects not yet under contract, according to the Dallas Business Journal. ResiBuilt’s parent company, Resicap, will continue operating independently.
ResiBuilt was established in 2018 and has developed more than 4,200 homes across Georgia, Florida, and the Carolinas—areas known for rapid population growth and increased demand for rental housing. While no land changed hands as part of this acquisition, Invitation Homes secured an option to buy 1,500 lots in these regions.
The purchase is aimed at strengthening Invitation Homes’ control over its development pipeline rather than immediately increasing its portfolio of rental units. CEO and President Dallas Tanner described the acquisition as “a step toward addressing housing affordability by adding supply in high-demand markets.” He said it represents a strategic expansion of the company’s core mission.
Founded in 2012, Invitation Homes owns and manages more than 110,000 single-family rental properties across 16 U.S. markets. In 2024, the company reported revenues of $2.6 billion and has a market capitalization exceeding $16.8 billion.
Build-to-rent strategies have become increasingly important for large institutional landlords due to limited resale inventory and heightened competition for existing homes. With this deal, Invitation Homes brings on board a team with experience developing projects throughout the Sun Belt region.
Additionally, Invitation Homes recently moved its headquarters from downtown Dallas’ Comerica Bank Tower to Two Lincoln Center at 5420 LBJ Freeway in North Dallas—a decision made to accommodate workforce growth and support a hybrid work environment.
