Invitation Homes and Esusu to Provide Free Positive Credit Reporting For Nearly 200,000 Invitation Homes Residents
July 05 2023 - 7:00AM
Business Wire
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 is
expected to 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."
About Esusu
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.esusurent.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.
Forward-Looking Statements
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.
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Invitation Homes
Contacts
Investor Relations: Scott McLaughlin Phone: 844.456.INVH
(4684) Email: IR@InvitationHomes.com
Media Relations: Kristi DesJarlais Phone: 972.421.3587
Email: Media@InvitationHomes.com
Esusu Contact
SGPR on behalf of Esusu esusu@smallgirlspr.com
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