Latest news with #ScottEisen
Yahoo
7 days ago
- Business
- Yahoo
Invitation Homes Acquires Homes & Launches Developer Lending Program
Invitation Homes INVH recently provided an update on its acquisitions and also announced that it has entered into its first agreement to launch a developer lending program. From the beginning of the second quarter through June 2, 2025, the company has formed partnerships with several homebuilders to acquire more than 300 newly constructed single-family homes, amounting to an investment of more than $100 million. These homes, situated in prominent growth markets like Dallas, Denver and Nashville, demonstrate the company's ongoing dedication to increasing housing supply in areas with high demand. Apart from the acquisition update, Invitation Homes announced the launch of its developer lending program by providing a $32.7 million loan to a homebuilder for developing a community consisting of 156 homes in Houston. The loan is backed by the development, and its terms provide the company with an opportunity to acquire the community after it has stabilized. Per Scott Eisen, chief investment officer of INVH, 'By partnering with homebuilders to selectively finance the development of new communities that are future strategic acquisition candidates for Invitation Homes, we can help create much-needed new housing supply while achieving attractive returns. We anticipate this to be the first of several such arrangements as we continue working with developers across the country to grow a sustainable and accessible housing future.' Building partnerships with homebuilders to acquire homes in key growth markets will likely offer healthy yields and boost its long-term growth. The loan provided under the new developer lending program highlights the company's strategy to support the creation of new housing. Invitation Homes is well-poised to benefit from a high-quality portfolio of single-family rental units in infill locations in the Western United States, Sunbelt and Florida. Solid demand for such rental units in the high-growth markets with favorable demographic trends is likely to benefit the company in the upcoming quarters. Over the past six months, shares of this Zacks Rank #3 (Hold) company have gained 1% against the industry's decline of 4.7%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are CareTrust REIT CTRE and W.P. Carey WPC, each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for CTRE's 2025 FFO per share has moved 2.8% northward to $1.81 in the past month. The consensus estimate for WPC's 2025 FFO per share has been revised upward by nearly 1% to $4.88 over the past month. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report W.P. Carey Inc. (WPC) : Free Stock Analysis Report CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report Invitation Home (INVH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
02-06-2025
- Business
- Business Wire
Invitation Homes Announces Acquisitions Update and Launch of Developer Lending Program
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) ('Invitation Homes' or the 'Company') today provided an acquisitions update and announced that it has entered into its first agreement to launch a developer lending program. During the second quarter to date, the Company partnered with several homebuilders to acquire over 300 newly built single-family homes, representing an investment of more than $100 million. These homes, located in key growth markets including Dallas, Denver, and Nashville, reflect the Company's ongoing commitment to expanding housing supply in high-demand areas. In addition, the Company announced the launch of its developer lending program with a $32.7 million loan to a homebuilder for purposes of developing a 156-home community in Houston. The loan is secured by the development and its terms include an opportunity for the Company to acquire the community upon stabilization. 'This loan marks an exciting milestone in our strategy to support the creation of new housing,' stated Scott Eisen, the Company's Chief Investment Officer. 'By partnering with homebuilders to selectively finance the development of new communities that are future strategic acquisition candidates for Invitation Homes, we can help create much-needed new housing supply while achieving attractive returns. We anticipate this to be the first of several such arrangements as we continue working with developers across the country to grow a sustainable and accessible housing future.' About Invitation Homes Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality homes with valued features such as close proximity to jobs and access to good schools. Our purpose, Unlock the power of home™, reflects our commitment to providing living solutions and Genuine CARE™ to the growing share of people who count on the flexibility and savings of leasing a home. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as 'outlook,' 'guidance,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'should,' 'could,' 'seeks,' 'projects,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates,' or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties that may impact our financial condition, results of operations, cash flows, business, associates, and residents, including, among others, risks inherent to the single-family rental industry and our business model, macroeconomic factors beyond our control, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners' association ('HOA') fees and insurance costs, poor resident selection and defaults and non-renewals by our residents, our dependence on third parties for key services, risks related to the evaluation of properties, performance of our information technology systems, development and use of artificial intelligence, risks related to our indebtedness, risks related to the potential negative impact of fluctuating global and United States economic conditions (including inflation), uncertainty in financial markets (including as a result of events affecting financial institutions), geopolitical tensions, natural disasters, climate change, and public health crises. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under Part I. Item 1A. 'Risk Factors' in our Annual Report on Form 10-K for the year ended December 31, 2024 (the 'Annual Report'), as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the 'SEC'), which are accessible on the SEC's website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release, in the Annual Report, and in our other periodic filings. The forward-looking statements speak only as of the date of this presentation, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent otherwise required by law.
Toronto Sun
08-05-2025
- Business
- Toronto Sun
McCAUGHEY: Ivy League hoodlums getting what they deserve
People walk through the gate on Harvard Yard at the Harvard University campus on June 29, 2023 in Cambridge, Massachusetts. Photo by Scott Eisen / Getty Images Americans have to pay more taxes so elite universities that willfully break the law by discriminating against Jews, whites and Asians can get tax exemptions. It's a slap in the face. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Yet Harvard alum Sen. Chuck Schumer (D-N.Y.) is trying to turn the tables, accusing the administration of President Donald Trump of 'weaponizing' the Internal Revenue Service to strip Harvard of its 501c3 tax-exempt status. Truth is, Harvard should lose its tax-exempt status because it's guilty of illegally allowing the civil rights of Jewish students to be trashed. The case against Harvard is a slam dunk. Numerous other universities where Jewish students are persecuted, including Ivies like Columbia and Yale, should lose their exemptions, too. This isn't about making left-wing academia more balanced. Section 501c3 of the Internal Revenue Code bars colleges and other organizations that enjoy tax-exempt status from engaging in 'propaganda' or favouring political candidates, but the IRS has always turned a blind eye to campus leftism. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. We may have to live with the reality that most universities are bastions of left-wing indoctrination. No one wants the IRS to bludgeon universities into conforming to the president's ideal of intellectual diversity. Under a future president, the hammer could swing the other way. But calling on the IRS to stop subsidizing racial and religious discrimination is a moral imperative. It's also the agency's legal duty, according to Supreme Court precedent. In 1983, the justices ruled that Bob Jones University's ban on interracial marriage violated the nation's 'fundamental public policy' against racial discrimination in education. That case remains precedent today, though it has not been invoked in the last 40 years to strip another university of its tax-exempt status. Now Harvard is guilty of fomenting Jew-hatred through its curriculum and campus climate. The university has already confessed. A 500-page report in April admits to allowing a campus environment designed to 'drive Israeli students (and Jewish students who feel connected to Israel) out of student life' and instruction that 'normalizes' hatred of Jews and Israel. This advertisement has not loaded yet, but your article continues below. A confession isn't enough. There must be a penalty until the campus is shown to be hospitable to Jewish students. If Harvard's 501c3 status is revoked, some donors will walk. That's the price it should have to pay. Former president Barack Obama, a Harvard alum, is dismissing the investigation into Harvard as a 'ham-handed attempt to stifle academic freedom.' Sorry, if Harvard were discriminating against Black students or allowing nooses to be thrown over tree limbs, Obama would be joining a nationwide chorus of protest. Discrimination against Jewish students is just as evil and illegal. Alongside Schumer and Obama, the Foundation for Individual Rights and Expression is also speaking out. It 'staunchly opposes any governmental attempt to coerce educational institutions into ideological conformity.' Amen. FIRE's concerns are legitimate. Any IRS investigation should be limited to stamping out illegal discrimination, not impinging on First Amendment rights or dictating the parameters of intellectual diversity. This advertisement has not loaded yet, but your article continues below. As for Trump's role, he needs to back off and let the IRS do its job. Federal law (26 U.S. Code Section 7217) prohibits the president and other senior executive branch officials, except the treasury secretary, from requesting the IRS audit anyone or any organization. On May 2, Trump posted on Truth Social: 'We are going to be taking away Harvard's Tax Exempt Status. It's what they deserve!' That detracts from the open-and-shut case against the university. Zip it, Mr. President. The IRS should not stop with Harvard. The Anti-Defamation League gives F grades to Princeton, Stanford and the State University of New York's Purchase and Rockland campuses for allowing rampant antisemitism. Columbia and Yale get Ds. Why should taxpayers support that? The IRS should also go after reverse racial discrimination in university admissions. Since 2023, when the Supreme Court struck down racial preferences, many institutions have been skirting the ruling. This advertisement has not loaded yet, but your article continues below. The non-profit Do No Harm has documented how numerous medical schools are still emphasizing racial diversity and discounting the academic skills that produce 'clinical excellence.' Pity the patients. Quinnipiac University, the University of Maryland, the University of Chicago and Duke University openly brag about prioritizing race in medical school admissions — never mind the raw deal they're giving qualified white and Asian applicants who want to be doctors. The discrimination is revolting. Time to crack down. The best way is to revoke their tax exemptions. Money talks. Betsy McCaughey is a former Lt. Governor of New York State Toronto Maple Leafs Columnists Toronto Maple Leafs Canada World
