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-0.000140884756269444 0.000563539025077575 0.000704423781346818 -0.000704423781346818 0.000986193293885505 0.00239504085657934 0.00338123415046485 0.00338123415046485
Stock impact report

Nuveen Strikes Deal With Invitation for Rental-Home Management [BNN Bloomberg (Canada)]

Invitation Homes Inc. (INVH) 
Last invitation homes inc. earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: invitationhomes.com/about-us
Company Research Source: BNN Bloomberg
Nuveen's real estate arm pledged as much as $400 million in a 2020 transaction with a company called Sparrow, striking the deal at a moment when investor appetites for rental homes were nearly insatiable. But higher interest rates cooled demand and stalled Sparrow's growth. Nuveen, which is retaining its ownership of the real estate, pursued the sale to Invitation to recoup its investment in the company, according to people familiar with the matter. It leaves Sparrow with some remaining assets, but the company's path forward is uncertain, said the people, who asked not to be named discussing private details. Nuveen previously sought to recapitalize some of the rental homes but no transaction materialized, one of the people said. A representative for Nuveen declined to comment. Sparrow didn't respond to a request for comment. Invitation Homes confirmed that it had reached a deal to manage homes for Nuveen, but declined to comment further. Invitation, led by Chief Executive O Show less Read more
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