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80 NEW YORK Blackstone's Invitation Homes Raises $1.54 Billion in IPO Blackstone Group's single-family rental platform Invitation Homes officially made its initial public offering (IPO) in January, accord- ing to an S-11 filing with the Securities and Exchange Commission. Invitation Homes is offering all the 77 million shares of common stock to be sold in the IPO at an estimated price of between $18 and $21 per share. e common stock has been approved for listing on the New York Stock Exchange under the symbol INVH. According to the filing, there has been no public market for these shares until now. e company stated in its S-11 filing that it has elected to qualify as a real estate invest- ment trust (REIT) for U.S. federal income tax purposes. Invitation Homes plans to become a Maryland corporation after the completion of the offering, according to the filing. "After the completion of this offering, affili- ates of the Blackstone Group L.P. will continue to own a majority of the voting power of shares eligible to vote in the election of our directors," Invitation Homes stated in the filing. "As a result, we will be a 'controlled company' within the meaning of the corporate governance stan- dards of the NYSE." In July 2016, Blackstone first announced the intention to go public with Invitation Homes at some point in the first half of 2017 in order to capitalize "on a rally in U.S. single-family rental landlords to list the biggest company in the industry." In December 2016, Reuters and the Wall Street Journal reported that Blackstone had "filed confidentially for an initial public offer- ing" with regard to Invitation Homes. Blackstone created the Invitations Homes unit in 2012 in response to the housing crisis in order to capitalize on the growing demand for rental properties coming largely from people who lost homes to foreclosure in the crisis and were unable to obtain mortgage credit to buy new homes. Invitation Homes currently oversees ap- proximately 50,000 housing units, the largest pool of rental homes across 14 of the nation's metropolitan markets. Blackstone states on its website that the platform creates jobs and provides high-quality, affordable housing for families nationwide. India-Based Data- Processor DhanInfo Establishes U.S. Office DhanInfo, a data-processing firm that services property preservation and inspection companies founded in India, has announced that it has established an office in the United States. e new location aligns the company with U.S. compliance regulations, which requires firms to outsource data processing services within the country. According to a press release, the U.S. office will enable the company to widen its service and network of clientele. With more than 50 clients and 10 years of experience, DhanInfo is focused on working with banks and securing contracts with the government. DhanInfo's India office will remain in operation. DhanIn- fo will leverage its expertise in the information technology field and plans to create stream- lined solutions for U.S.-based firms. Sarvesh Agrawal, Co-Founder of DhanIn- fo, explained that the expansion will help bridge the gap between outsourced companies and government regulation. "Many firms just don't have the human or technical resources to be able to process their own data," he said. "As a New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net www.HomeAllianceRealty.com www.LisaLopezProperties.com New York Hand-tailoring REO excellence to your business plan. Providing Default Real Estate Solutions Since 1988. Todd Yovino Broker/Owner Island Advantage Realty, LLC Serving Metro New York & Long Island Todd@iarny.com | 631-820-3400 www.islandadvantage.com Connecticut Planet Realty, LLC Sales@CTREOTEAM.com 203-982-4985 cell www.CTREOTEAM.com Security • Preservation • Disposition Steve Rivkin

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