Invitation Homes, a Blackstone REIT owning the largest portfolio of single-family houses in the US, filed on Friday with the SEC to raise up to $1.5 billion in an initial public offering.
The Dallas, TX-based company was founded in 2012 and booked $905 million in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol INVH. Deutsche Bank, J.P. Morgan, BofA Merrill Lynch, Goldman Sachs, Wells Fargo Securities, Credit Suisse, Morgan Stanley and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
