02:58 PM EDT, 03/28/2024 (MT Newswires) -- Invitation Homes ( INVH ) struck a deal to take over the management of 3,000 rental homes from Nuveen, Bloomberg reported Thursday.

The deal marks the end of Nuveen's attempt to launch a new single-family landlord. Nuveen is retaining ownership of the real estate, according to the report.

A representative for Nuveen declined to comment, while Invitation Homes ( INVH ) confirmed that it had made a deal to manage homes for Nuveen but declined to comment further, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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