Invitation Homes is a leading owner and operator of single-family rental homes across the United States, with a portfolio spanning multiple core markets concentrated in the Western states, Florida, and Southeast. The company generates revenue primarily from residential lease payments adjusted annually to market rates, and also earns management fees from third-party property management services. Invitation Homes operates a vertically integrated platform that includes in-house property management with local market expertise, strategic pricing tools, resident-focused services, and capital management capabilities, leveraging significant local density and economies of scale to compete effectively in the single-family rental market while pursuing growth through disciplined acquisitions and purpose-built development partnerships.