Private company
Who owns FNMA JV
One company in the researched set discloses a stake in FNMA JV, worth $16m between them. FNMA JV is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
FNMA JV - Profile
- Type
- joint venture
- Based in
- United States
The FNMA JV is a single family rental joint venture with the Federal National Mortgage Association, better known as Fannie Mae, that owns, leases and manages a portfolio of rental houses in the western United States, concentrated in Arizona, California and Nevada. It dates from Fannie Mae's mid 2010s move into financing institutional single family rental operators: the venture began as a partnership with Colony American Homes, passed to Colony Starwood Homes and then to Invitation Homes through the 2017 merger of the two companies. Day to day operation sits with a subsidiary of Invitation Homes LP as managing member, which earns a management fee based on the venture's gross receipts, while Fannie Mae retains substantive participating rights over major decisions. The portfolio has been run down steadily through home sales, from 776 properties at the end of 2017 to 387 at the end of 2024 and 320 at the end of 2025.
Source
FNMA JV files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from Invitation Homes Inc. Form 10-K for FY2018 (SEC), Invitation Homes Inc. Form 10-K for FY2025 (SEC) and Starwood Waypoint Residential Trust and Colony American Homes merger presentation, Form 8-K Exhibit 99.1 (SEC). The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- Invitation Homes Inc., as of 30 Jun 2026. INVH's Q2 2026 10-Q, Note 5, discloses the joint venture labelled 'FNMA' at 10.0% ownership, 298 properties (320 at 12/31/2025), carrying value $15,644 thousand as of June 30, 2026 (reported in thousands; converted here to actual USD). Footnote (5) states it owns homes within the Western United States. Footnote (6) separately states that 'during the year ended December 31, 2025, our share of income increased from 10.0% to 50.0% as a result of achieving a promote interest threshold pursuant to the terms of the joint venture agreement.' The 10.0% used here is the disclosed OWNERSHIP percentage in the table itself; the 50.0% figure is a promote-driven INCOME-SHARE change under the JV agreement, not a change in capital ownership percentage, so it is not substituted into pct_of_target. The name 'FNMA' as used by INVH for this JV is not further explained in the 10-Q. source
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of FNMA JV where a holder stated one, and are missing where no holder did.