Deal Summary In 2012, with home prices remaining near bottomed-out levels following the Great Recession, Blackstone founded Invitation Homes, with the intention of acquiring tens of thousands of single family homes throughout the United States.  In founding Invitation Homes, Blackstone created a vertically-integrated, scalable company with in-house capabilities of acquiring, renovating, leasing, maintaining, and managing single family homes. Blackstone hoped that its plan of … Continue reading The Story and Lessons Behind Invitation Homes: Blackstone’s Acquisition of 50,000 Single Family Homes for $10 Billion Between 2012 and 2016