Subject file

Invitation Homes Inc.

Publicly traded single-family landlord (NYSE: INVH); originated by Blackstone

Ownership / origin: Blackstone (originator; IPO 2017, exited ~2019)

The largest single-family rental landlord in the U.S. (110,000+ homes). Originated by Blackstone and taken public in 2017. In 2024 the FTC sued Invitation Homes over junk fees, withheld security deposits, failure to inspect homes, and unfair eviction practices; the company settled for $48 million without admitting wrongdoing.

Documented harms

Court & regulatory cases (1)

Evidence (3)

Regulatory

FTC mails $47.2M in refunds to ~444,000 Invitation Homes renters

In March 2026 the FTC announced it was sending more than $47.2 million in refund checks to about 444,131 consumers who paid Invitation Homes $45 or more in covered fees and charges between January 2021 and September 2024, completing the consumer-redress portion of the 2024 settlement.

Federal Trade Commission ↗

Regulatory

FTC: Invitation Homes filed evictions against renters who had moved out

Among the FTC's allegations, Invitation Homes began eviction proceedings against renters it knew had already moved out — in one cited instance after telling a renter she would not face an eviction filing if she left — and such filings could appear on tenant-screening reports, making future renting harder. The FTC also alleged the company steered tenants away from CDC pandemic eviction protections.

Federal Trade Commission ↗

Investigative Report

Invitation Homes: founding leader of the NRHC landlord lobby

Invitation Homes is among the founding leaders of the National Rental Home Council (NRHC), the D.C. trade and lobbying group for corporate single-family landlords (est. 2014). Members include American Homes 4 Rent, Progress Residential, Colony American Homes, Starwood Waypoint, and Tricon Residential; the largest three (Invitation Homes, Progress Residential, American Homes 4 Rent) account for roughly 300,000 of ~350,000 corporate-owned single-family rental homes.

Private Equity Stakeholder Project / ACRE / CPD report ↗

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Built from public records and labeled by source. Allegations are unproven; only court or regulatory findings are described as findings.