DALLAS and HARLEM, N.Y., July 05, 2023 (GLOBE NEWSWIRE) — Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing company, and Esusu, a leading financial technology company advancing rent reporting and data solutions for credit building, today announced a new partnership to make Esusu’s platform for financial health solutions available at no cost to Invitation Homes residents across 80,000+ homes nationwide. This collaboration will provide free positive credit reporting to nearly 200,000 adult residents of Invitation Homes.
Since its inception in 2018, Esusu has empowered millions of renters to enhance their credit scores by reporting on-time rent payments to the three major credit bureaus. This partnership signifies a meaningful step forward in the single-family rental industry and marks one of Esusu’s most significant platform expansions to date.
“We work hard every day to provide an exceptional experience for our residents by offering high-quality homes, excellent service, and amenities that make their lives easier, and this partnership with Esusu extends our commitment to enhancing our residents’ financial well-being,” said Dallas Tanner, CEO of Invitation Homes. “This collaboration reinforces Invitation Homes’ dedication to offering choice and flexibility, and we believe that by providing free positive credit reporting for all of our adult residents we are further removing barriers to housing choice and helping our residents achieve their financial goals.”
“With this collaboration, we believe Esusu and Invitation Homes are forging a path toward financial empowerment by helping dismantle barriers to economic opportunities,” remarked Wemimo Abbey and Samir Goel, Co-Founders of Esusu. “Esusu’s commitment to enhancing the financial well-being of renters drives us to offer transformative credit-building services and a comprehensive platform for financial health. We believe that partnering with Invitation Homes, a long-standing leader in the single-family rental market, enables us to scale Esusu’s vision to bridge the racial wealth gap and positively transform communities nationwide.”
Esusu is the leading financial technology platform that leverages data solutions to empower residents and improve property performance. Esusu’s rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. This allows renters to build and establish their credit scores while helping property owners mitigate against initiating evictions, powered by differentiated data and insights. Founded in 2018, Esusu reaches over 4 million rental units across all 50 states in the United States. Learn more at www.esusu.com and follow us on Instagram @myesusu and on Twitter @getesusu.
About Invitation Homes
Invitation Homes, an S&P 500 company, is the nation’s premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as proximity to jobs and access to good schools. The Company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences.
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 (the “Exchange Act”), which include, but are not limited to, statements related to the Company’s expectations regarding the performance of the Company’s business, its financial results, its 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,” “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, including, among others, risks inherent to the single-family rental industry and the Company’s business model, macroeconomic factors beyond the Company’s control, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners’ association and insurance costs, poor resident selection and defaults and non-renewals by the Company’s residents, the Company’s dependence on third parties for key services, risks related to the evaluation of properties, performance of the Company’s information technology systems, risks related to the Company’s indebtedness, risks related to the potential negative impact of unfavorable global and United States economic conditions (including inflation and rising interest rates), uncertainty in financial markets (including as a result of recent bank failures and events affecting financial institutions), geopolitical tensions, natural disasters, climate change, and public health crises on the Company’s financial condition, results of operations, cash flows, business, associates, and residents. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Company believes these factors include, but are not limited to, those described under Part I. Item 1A. “Risk Factors” of the Annual Report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”), as such factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. 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 the Company’s other periodic filings. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims 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.
Invitation Homes Contacts
Phone: 844.456.INVH (4684)
SGPR on behalf of Esusu