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Invitation Homes acquires 290 homes in Q4'17

Invitation Homes Inc. acquired 290 homes for $80.5 million in the fourth quarter of 2017, including estimated renovation costs, and sold 257 homes for $57.9 million during the period, bringing its total property count to 82,570 homes as of Dec. 31, 2017.

In announcing its earnings, the single-family rental landlord also revised its estimate of total damages from hurricanes Harvey and Irma and increased its casualty loss accrual by $5.5 million.