A secondary offering of 44.0 million shares of Invitation Homes Inc.'s common stock by certain affiliates of private equity giant Blackstone Group Inc. priced at $28.25 apiece.
The single-family rental real estate investment trust will not receive any proceeds from the share sale.
Morgan Stanley, Citigroup and Goldman Sachs & Co. LLC are the underwriters for the offering, which is expected to close Sept. 23.
