The country’s largest investor in rental houses is backing a new company to lease-to-own homes.
Dallas-based Invitation Homes has acquired more than 80,000 rental houses across the country during the last decade. Now the big property landlord says it’s making a $250 million investment in a new company. The just-launched Pathway Homes provides potential buyers a plan to find a property and rent it with an option to buy.
“Our investment in Pathway is part of our vision to provide opportunity and choice in the overall housing market,” Dallas Tanner, Invitation Homes president and CEO, said in a statement. “We saw an opportunity a decade ago to revolutionize the home rental industry, and, now more than ever, believe that the single-family rental model is an advantage for the growing share of Americans who are opting not to buy a house.
