Latham Advises Invitation Homes in a Joint Venture With Quarterra — a Lennar Company, Centerbridge, and Other Capital Partners

Invitation Homes Inc. (NYSE: INVH), the nation’s premier single-family home leasing and management company, has announced that it has entered into a joint venture with Quarterra Group Inc., a wholly owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B), Centerbridge Partners, L.P., and other high quality institutional investors. As part of their agreement, Invitation Homes has acquired a minority equity interest in a portfolio of single-family homes for lease that are part of the Upward America joint venture. Upward America has selected Invitation Homes to provide management services to the 4,400 homes located primarily within Florida, Texas, and the Carolinas.

Latham & Watkins LLP represented Invitation Homes in the agreement with a real estate team led by New York partners Michael Haas and Mark Semotiuk, with associates Jacob Axelrod and William Anderson.