Invitation Homes Announces CFO Succession

DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) today announced Ernie Freedman will step down as Executive Vice President, Chief Financial Officer and Treasurer, as of June 1, 2023, and concurrently announced the planned succession appointment of Jonathan Olsen, current Executive Vice President, Corporate Strategy & Finance, as the Company’s new Executive Vice President, Chief Financial Officer and Treasurer. To provide for a smooth transition, Freedman will enter into a consulting arrangement with the Company to provide advisory services through March 31, 2024.

"Jon has been with us since nearly the inception of our company and has been integrally involved in our growth and success. Further, his deep understanding of the business and strategy, his strong internal and external relationships, and his decade of impressive achievements on behalf of the Company gives us high confidence that he is the right leader to carry on the strong CFO tradition at Invitation Homes,” said Company Co-Founder, President and Chief Executive Officer Dallas Tanner.

“On behalf of myself, the management team, the board and the entire Company, I want to express my deepest appreciation and gratitude to Ernie for his invaluable contributions and dedication to Invitation Homes over the last seven-plus years,” Tanner continued. “He has played a leading role in helping the Company navigate through a period of significant growth and has been unwavering in his efforts to ensure that we are best positioned financially for a stable future and to generate ongoing success for our shareholders. He cares deeply about his team and the entire organization and is highly respected throughout the real estate industry. We are fortunate to have benefited from his guidance, insight, and knowledge.”

Olsen has served in his current role since February 2020. He joined Invitation Homes in 2012 and previously served as Senior Vice President, Finance and Head of Capital Markets from June 2016 to February 2020, as Managing Director and Head of Capital Markets from April 2013 to June 2016, and as Managing Director and Co-Head of Asset Management from June 2012 to April 2013. From 2003 to 2012, Olsen worked in the real estate investment banking groups at Banc of America Securities, Goldman Sachs, and Jefferies & Company, and from 1996 to 2001 he worked in the mergers and acquisitions groups at UBS Securities, SG Cowen Securities, and PepsiCo, Inc.

About Invitation Homes

Invitation 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 close 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.