Blackstone’s Invitation Homes Files For IPO Confidentially, Could Raise $1.5B

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Blackstone’s Invitation Homes Files For IPO Confidentially, Could Raise $1.5B

Invitation Homes, a single-family home rental company founded by Blackstone in 2012, has confidentially filed for an IPO that could raise $1.5 billion, according to reports. Deutsche Bank and J.P. Morgan are said to be helping lead the offering, which could come in January and value the company at $7.5 billion.

Based in Dallas, Invitation Homes boasts a portfolio of over 50,000 homes across 14 US markets. Blackstone is believed to have spent some $10 billion on acquiring the properties, many of which were purchased at a discount in the direct aftermath of the housing crash.

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