Invitation Homes Enters $200M Joint Venture, Sets Sights On $500M Investment In New Home Communities
Invitation Homes Enters $200M Joint Venture, Sets Sights On $500M Investment In New Home Communities
The JV is expected to deploy approximately $500 million, including debt, to acquire newly constructed homes. The JV will be initially capitalized with a total equity commitment of $200 million, of which $50 million will be committed by Invitation Homes, with potential to upsize equity commitments through follow-on investment tranches in the future. The Company will provide various management services to the JV, for which the Company will earn management fees in addition to the opportunity to earn a promoted interest subject to certain performance thresholds. Invitation Homes also has certain rights to potentially acquire the JV's homes in the future.
该合资企业预计将动用约5亿美元，包括债务，用于收购新建房屋。该合资企业最初的资本总额为2亿美元，其中5000万美元将由Invitation Homes承担，未来有可能通过后续投资增加股权承诺。公司将向合资企业提供各种管理服务，公司将为此赚取管理费，此外还有机会获得一定绩效门槛的促销利息。Invition Homes还拥有一定的权利，将来有可能收购合资公司的房屋。
