Invitation Homes, a $22bn corporate landlord, settles $20m lawsuit over unapproved renovations on 12,000 properties in California.
Invitation Homes, a large corporate landlord worth $22bn, has agreed to pay $20m in a settlement with a whistleblower and 35 California cities. The lawsuit accused the company of making unapproved renovations to 12,000 properties in California without necessary permits. Invitation Homes claims the lawsuit was without merit, but the settlement could help ensure homes rented from large companies like Invitation Homes are safer and compliant with building codes.
July 22, 2024
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