- Fannie will guarantee up to $1 billion in debt issued by Invitation Homes (owned by private equity firm Blackstone).
- Invitation Homes: Largest individual owner of single-family rentals in the nation (48K); most were acquired immediately post-crisis.
- Invitation plans to use the debt and upcoming IPO proceeds ($1.5B) to finance more acquisitions.
- Critics fear that Invitation’s plans will further limit the supply of affordable housing.
Blackstone Wins Fannie’s Backing for Rental Home Debt
(01/24/2017)
