Case Study: Invitation Homes expands its build-to-rent development capabilities with Walker & Dunlop's advisory support

Invitation Homes expands in-house development with Walker & Dunlop’s guidance on ResiBuilt acquisition

The customer, Invitation Homes, sought to identify a growth equity partner for its ResiBuilt platform, a purpose-built build-to-rent homebuilder. They engaged the vendor, Walker & Dunlop, whose Zelman subsidiary acted as an exclusive financial advisor to lead a comprehensive capital raise process for this challenge.

Walker & Dunlop, through Zelman, evaluated multiple transaction alternatives, conducted valuations, and negotiated the deal. The solution resulted in Invitation Homes acquiring ResiBuilt, which expanded Invitation Homes' in-house development capabilities and provided greater control over its construction pipeline. For the seller, RESICAP, the transaction successfully achieved its strategic and financial objectives.

Invitation Homes