Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 92

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 92
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, Unsecured Notes — private placement, and the IH 2017-1 secured loan, which are classified as Level 2 in the fair value hierarchy, are estimated based on market bid prices of comparable instruments at period end.We review the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in and out of Level 3 at the beginning fair value for the reporting period in which the changes occur. Availability of secondary market activity and consistency of pricing from third-party sources impacts our ability to classify securities as Level 2 or Level 3.

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INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

The following table displays the significant unobservable inputs used to develop our Level 3 fair value measurements as of September 30, 2025:Quantitative Information about Level 3 Fair Value Measurement(1)Fair ValueValuation TechniqueUnobservable InputRateSecured Debt — IH 2019-1$374,406 Discounted Cash FlowEffective Rate4.90%Term Loan Facilities2,482,745 Discounted Cash FlowEffective Rate3.86%—4.98%Revolving Facility— Discounted Cash FlowEffective Rate3.79%—4.90%(1)Our Level 3 fair value instruments require interest only payments.Nonrecurring Fair Value MeasurementsOur assets measured at fair value on a nonrecurring basis are those assets for which we have recorded impairments.Single-Family Residential PropertiesThe single-family residential properties for which we have recorded impairments, measured at fair value on a nonrecurring basis, are summarized below:For the Three MonthsEnded September 30,For the Nine MonthsEnded September 30,2025202420252024Investments in single-family residential properties, net held for sale (Level 3):Pre-impairment amount$2,199 $998 $3,148 $1,411 Total impairments(335)(270)(434)(330)Fair value$1,864 $728 $2,714 $1,081 We did not record any impairments for our investments in single-family residential properties, net held for use during the three and nine months ended September 30, 2025 and 2024. For additional information related to our single-family residential properties as