Invitation Homes buys Atlanta-based builder ResiBuilt for $89 million, expanding build-to-rent development capacity

A rental-housing giant moves deeper into homebuilding

Invitation Homes, one of the nation’s largest owners and operators of single-family rental houses, has acquired Atlanta-based homebuilder and developer ResiBuilt for $89 million. The transaction adds an in-house development platform to Invitation Homes’ operations as large landlords increasingly pursue build-to-rent strategies that create new rental supply through ground-up construction.

The acquisition closed in mid-January 2026. The deal structure includes up to $7.5 million in potential incentive-based payments tied to performance, alongside an existing book of active building contracts and additional prospective projects that have not yet been placed under contract.

What was purchased — and what was not

ResiBuilt was founded in 2018 and has developed more than 4,200 homes across Georgia, Florida and the Carolinas, building in markets that have drawn sustained investor interest over the last decade. Under the terms disclosed for the purchase, the transaction did not transfer land to Invitation Homes. Instead, the buyer gained an option to purchase up to 1,500 lots, positioning the company to source future construction starts as lot supply becomes available.

ResiBuilt’s parent company, Resicap, will remain independent following the sale, separating the builder’s operations from its former parent while transferring the homebuilding platform to the rental landlord.

• Purchase price: $89 million, with additional contingent payments up to $7.5 million.

• Operational assets: active building contracts and a development pipeline.

• Land position: no land conveyed; an option obtained for up to 1,500 lots.

Why the transaction matters for metro Atlanta

Metro Atlanta has been a focal point for institutional single-family rental ownership and expansion, with large operators concentrating acquisitions and building activity in suburban growth corridors. The latest purchase fits that trajectory by emphasizing development control rather than solely buying completed homes, a shift intended to reduce reliance on the resale market and create a steadier flow of new rental inventory.

The broader market backdrop includes heightened scrutiny of corporate ownership in Georgia’s single-family rental sector. In 2025, a federal inquiry was launched into the footprint and market effects of major corporate landlords operating in the state, reflecting ongoing concerns about affordability, supply and competitive dynamics.

Build-to-rent’s next phase: tighter control over the pipeline

By acquiring a builder with an established Sun Belt track record, Invitation Homes is effectively bringing a key part of the housing production process in-house: scheduling, contracting and managing construction delivery. The lot-option structure signals that future growth may depend less on large, immediate land acquisitions and more on flexible control of buildable inventory as projects advance.

The purchase underscores how major single-family rental operators are increasingly integrating development capabilities to expand and stabilize new-housing supply pipelines in high-growth regions.

For Atlanta, the deal is a high-profile example of how national rental landlords are shaping the region’s single-family housing landscape through direct participation in construction, not only through acquisitions of existing homes.