Invitation Homes Inc. priced a secondary offering of 43.0 million common shares being sold by certain affiliates of Blackstone Group LP and Starwood Capital Group Global LP at $23.30 per share.

Gross offering proceeds are expected to reach about $1.00 billion based on the single-family rental real estate investment trust's March 19 closing stock price of $23.30 per share.

The offering is anticipated to close March 25, subject to customary closing conditions.

Morgan Stanley & Co. LLC is the underwriter for the offering.