Invitation Homes Inc. announced that it has entered into a joint venture with Quarterra Group Inc., a wholly-owned subsidiary of Lennar Corporation, 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.

This partnership is emblematic of Lennar?s broader focus on building a healthier housing market across America and meeting the needs of families and individuals across the country. This exciting partnership with Lennar and Invitation Homes, the premier operator of single-family rental homes, brings together two best-in-class industry leaders whose scale and capabilities are complementary to the joint venture.