D.R. Horton to Set Aside $1 Billion for Home Rental Business
Posted on 11/14/2021
D.R. Horton, Inc. is a home construction company incorporated in Delaware and headquartered in Arlington, Texas. The homebuilder is setting aside US$ 1 billion to invest in its multifamily and single-family home rental platform in the United States. At September 30, 2021, the company’s homebuilding lot position consisted of approximately 530,000 lots, of which 24% were owned and 76% were controlled through purchase contracts. For that period, D.R. Horton had US$ 5 billion of homebuilding liquidity consisting of US$ 3 billion of unrestricted homebuilding cash and US$ 2 billion of available capacity on their homebuilding revolving credit facility.
