Private company
Who owns Pathway Operating Company
One company in the researched set discloses a stake in Pathway Operating Company, worth $27m between them. Pathway Operating Company 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.
Pathway Operating Company - Profile
- Type
- joint venture
- Based in
- United States
- Founded
- 2021
Pathway Operating Company is the operating and asset management half of Pathway Homes, a lease to own housing venture launched in February 2022 by Invitation Homes, the British property investor Regis Group and the proptech venture firm Fifth Wall, with a combined commitment of about $750 million. It builds and runs the technology platform and provides asset management services to the separate entity that actually owns and leases the houses, and it is run day to day by Pathway Homes and its affiliates rather than by the real estate investors funding it. The consumer proposition it operates is aimed at people who cannot yet qualify for a mortgage: a customer picks a house on the open market, Pathway buys it for cash, and the customer leases it for up to five years at fixed annual increases with an option to buy it outright. The programme launched in Atlanta and Phoenix and trades as Pathway.
Source
Pathway Operating Company 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 Form 10-Q for the quarter ended 30 September 2024, Invitation Homes Announces Lead Investment in Pathway Homes, National Mortgage News: Pathway Homes to spend $750 million in rent-to-own venture and Atlanta Agent Magazine: Rent-to-own housing company launches in Atlanta, Phoenix with plans to expand. 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 a 15.0% ownership interest in Pathway Operating Company, carrying value $26,768 thousand as of June 30, 2026 (reported in thousands; converted here to actual USD). Footnote (3) states this 'represents an investment in an operating company that provides a technology platform and asset management services'; unlike the other rows in this note it owns no rental properties directly (property count shown as N/A at both dates), so it is a services/technology platform investment rather than a home-owning JV. 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 Pathway Operating Company where a holder stated one, and are missing where no holder did.