Dallas-based Invitation Homes, the country’s largest rental home owner, is forming a joint venture with a private equity firm to buy up to $1 billion in single-family homes in Dallas, Seattle, South Florida and a dozen other U.S. markets.
Invitation Homes, which owns 80,000 homes, announced the venture with Rockpoint Group LLC on Wednesday. The companies will initially invest $375 million, with Rockpoint putting $300 million into the buying spree.
“We believe both the fundamentals in our sector and the need for high-quality rental housing in the U.S. are as strong as they have been in our company’s history,” said a statement from Invitation Homes CEO Dallas Tanner.
Single-family home rental companies grew out of the 2008 financial crisis, with Wall Street titans like Blackstone Group Inc. investing heavily in buying up distressed properties. Blackstone launched Invitation Homes but cashed out last year, netting billions in profit.
The U.S. Supreme Court appeared divided on Wednesday as it considered whether to protect Alphabet Inc.’s Google from a long-running lawsuit by Oracle Corp. accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world’s smartphones.
The shorthanded court, down one justice following the death of Ruth Bader Ginsburg last month, heard oral arguments in Google’s appeal of a lower court ruling reviving the lawsuit in which Oracle has sought at least $8 billion in damages.
Some of the eight justices expressed concern that Google simply copied Oracle’s software code instead of innovating and creating its own for mobile devices. Others emphasized that siding with Oracle could give software developers too much power with potentially harmful effects on the technology industry.
A jury cleared Google in 2016, but the U.S. Court of Appeals for the Federal Circuit overturned that decision in 2018, finding
Oregonians lost nearly $1 billion in homes and belongings during last month’s wildfires, which torched more than 4,000 residences and burned more than 1 million acres across the state, according to a new report.
It’s among the first efforts to calculate the economic toll of the fires, which also killed at least nine people last month.
Josh Lehner of the Oregon Office of Economic Analysis said the homes and personal property destroyed are only the initial calculation of what the state lost. The wildfires damaged the state’s outdoor recreation industry, its timber sector and the state’s image as a healthy, active place to live – and
The Army Corps of Engineers has scheduled two virtual public meetings on its environmental assessment of a $2 billion plan to elevate levees and build stronger floodwalls along the Mississippi River from Missouri to the Gulf of Mexico, with most of the projects planned for areas in Louisiana around New Orleans and Baton Rouge.
The meetings will be streamed live on the Facebook page of the agency’s New Orleans District office on Sept. 30 at 9 a.m. and Oct. 1, at 6 p.m. The Facebook page can be found at https://www.facebook.com/usacenola/.
During the meeting, comments will be accepted through Facebook or by calling or texting (601) 392-2237. Written comments may also be emailed to MRL-SEISfirstname.lastname@example.org or mailed to District Engineer, U.S. Army Corps of Engineers, Vicksburg District, 4155 Clay St., Vicksburg, Miss.,
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Sep 08, 2020 (AB Digital via COMTEX) — Home Improvement Market is valued at USD 819.53 Billion in 2018 and expected to reach USD 1137.57 Billion by 2025 with the CAGR of 4.8% over the forecast period.
Increasing development of the construction industry, increasing population, reducing living space, adoption of innovative interior & exterior like garden, smart kitchens etc. are some key impacting factors deriving the growth of the global DIY home improvement market.
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DIY home improvement is a service refers to building projects that alter the structure of an existing home. It is used in renovation including improvements to lawns, gardens and outdoor structures such as gazebos and garages. It also incorporates maintenance, repair and general servicing tasks. End use of DIY home improvement is in residential and nonresidential buildings. Do-It-Yourself