Single-family leasing and management company Invitation Homes has acquired build-to-rent developer ResiBuilt Homes.
Through the acquisition, Invitation Homes aims to address the growing demand for attainable, high-quality housing with new construction and leveraging capital-light partnerships.
Atlanta-based ResiBuilt develops single-family communities in Georgia, Florida, and the Carolinas. Since 2018, ResiBuilt has delivered more than 4,200 homes. Its team of approximately 70 associates, including co-founder and president Jay Byce, have joined Invitation Homes and will continue operating under the ResiBuilt brand.
“Joining Invitation Homes is an exciting opportunity for our team and our business,” says Byce. “We’ve spent years building a best-in-class operation focused on delivering quality homes for the single-family rental market. Becoming part of Invitation Homes allows us to build on that foundation and broaden our reach to better serve families seeking quality rental homes.”
The company was acquired for a contract price of $89 million plus up to $7.5 million in potential incentive-based earn-out payments tied to third-party fee-build performance. The transaction included 23 existing fee-building contracts and a pipeline of additional third-party fee opportunities not yet under contract. While no land was included in the transaction, Invitation Homes secured options to acquire approximately 1,500 lots.
“At our Investor Day in November 2025, we shared our long-term vision to create value through a dynamic BTR growth strategy that combines construction lending and development,” says Dallas Tanner, president and CEO of Invitation Homes. “Today’s announcement reflects months of thoughtful planning to advance that vision, and our acquisition of ResiBuilt is a key step forward.”
Tanner continues: “ResiBuilt’s best-in-class development expertise enhances our execution capabilities and expands our capacity to address one of the nation’s most pressing challenges: housing affordability. By adding supply in desirable markets and creating communities that families are proud to call home, we believe we can make a meaningful impact. We are excited to work with the ResiBuilt team to achieve these goals.”
ResiBuilt’s original parent company, RESICAP, will remain independent following the transaction.
