Invitation Homes (NYS: INVH)

Invitation Homes is a corporation based in Dallas, Texas. Established in 2012, the company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price of around $300,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with over 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs. The company's investments are managed by the executive team.