Invitation Homes announced that its operating partnership has priced a public offering of $500 million aggregate principal amount of 4.950% senior notes due 2032.
The notes were priced at 99.291% of the principal amount and will mature on February 1, 2032.
The offering is expected to close on July 8, 2026, subject to customary closing conditions.
The notes will be fully and unconditionally guaranteed, jointly and severally, by Invitation Homes, Invitation Homes OP GP, and IH Merger Sub.
Invitation Homes Operating Partnership intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of indebtedness.
Wells Fargo Securities, KeyBanc Capital Markets, Mizuho, US Bancorp, BofA Securities, Capital One Securities, Deutsche Bank Securities, J.P. Morgan Securities, PNC Capital Markets, and Truist Securities are acting as joint book-running managers for the offering.
BMO Capital Markets, M&T Securities, BNP Paribas, Goldman Sachs, Morgan Stanley, RBC Capital Markets, Regions Securities, Ramirez & Co., BNY Capital Markets, Citigroup, Huntington Capital Markets, Scotiabank, and Zelman Partners are acting as co-managers.
Invitation Homes is an S&P 500 company and a single-family home leasing and management company.
The company focuses on expanding housing through new development and strategic partnerships.
Invitation Homes said its purpose, Unlock the Power of Home, reflects its commitment to addressing U.S. housing needs by delivering high-quality living solutions and service to residents who choose the flexibility and value of leasing.
