Single-family rental behemoth Invitation Homes is seeking a joint venture partner to take advantage of the latest drop in home prices, according to a report by Bloomberg.

The company is working with commercial brokerage Eastdil Secured to find a partner for a $1 billion joint venture, according to Bloomberg’s sources.

The search for a partner is in the early stages and is not guaranteed to materialize, Bloomberg reported.  

The rental firm, which owns more than 85,000 homes and grew from the ashes of the Great Recession, decided to find outside capital due to the challenge of raising equity details ⇒

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