Invitation Homes’ $375 Million Joint Venture with Rockpoint

Latham & Watkins LLP and Jones Day represented Invitation Homes in the transaction.

Invitation Homes Inc. (NYSE: INVH) (Invitation Homes) has entered into an agreement with Rockpoint Group, L.L.C. (Rockpoint) to form a joint venture partnership (JV) that will acquire single-family homes to operate as rental residences.

Invitation Homes is the top home leasing company for single families. With over 80,000 homes in its portfolio, currently provides homes to 120,000 residents in 16 of the top American markets.

Rockpoint Group, L.L.C. is a real estate private equity firm with primary offices located in Boston, Dallas, San Francisco and London. Rockpoint proactively targets specific asset classes and geographic regions given current market conditions, with particular focus on value creation opportunities, distressed/restructuring opportunities and complex situations.

Latham & Watkins LLP represents Invitation Homes in the transaction with a corporate deal team led by partners Michael Haas (Picture) in New York and Julian Kleindorfer in Los Angeles, with associates Mark Semotiuk and Matthew Sommer. Los Angeles partner Ana O’Brien, with associate William Kessler, advised on tax matters.

The Jones Day team was led by Peter C. Bergan Jr.

Involved fees earner: Peter Bergan – Jones Day; Michael Haas – Latham & Watkins; William Kessler – Latham & Watkins; Julian Kleindorfer – Latham & Watkins; Ana O’Brien – Latham & Watkins; Mark Semotiuk – Latham & Watkins; Matthew Sommer – Latham & Watkins;

Law Firms: Jones Day; Latham & Watkins;

Clients: Invitation Homes Inc.;

Author: Ambrogio Visconti