Invitation Homes and Esusu to Provide Free Positive Credit Reporting For Nearly 200,000 Invitation Homes Residents
July 05 2023 - 8:30AM
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.”
About EsusuEsusu 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 HomesInvitation 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 StatementsThis 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
Investor Relations:Scott McLaughlinPhone:
844.456.INVH (4684)Email: IR@InvitationHomes.com
Media Relations:Kristi DesJarlaisPhone:
972.421.3587Email: Media@InvitationHomes.com
Esusu Contact
SGPR on behalf of Esusuesusu@smallgirlspr.com
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