Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 15

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 15
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S-9

| • |     | all preferred equity not owned by such guarantor, if any, in any of such guarantor’s subsidiaries that do    
 not guarantee the notes and in any entity such guarantor accounts for using the equity method of accounting. |

Although the indenture that will govern the notes will contain covenants that will limit the ability of the Company and its subsidiaries (including the operating partnership) to incur secured and unsecured indebtedness, those covenants are subject to significant exceptions. Moreover, the Company and its subsidiaries (including the operating partnership) may be able to incur substantial amounts of additional secured and unsecured indebtedness without violating those covenants. In the event of the bankruptcy, liquidation, reorganization or other winding up of the operating partnership or any guarantor (including the Company), assets that secure any of their respective secured indebtedness, secured guarantees and other secured obligations will be available to pay their respective obligations under the notes or the guarantees of the notes, as applicable, and their other respective unsecured indebtedness, unsecured guarantees and other unsecured obligations only after all of their respective indebtedness, guarantees and other obligations secured by those assets have been repaid in full, and we caution you that there may not be sufficient assets remaining to pay amounts due on any or all the notes or the guarantees of the notes, as the case may be, then outstanding. In the event of the bankruptcy, liquidation, reorganization or other winding up of any of the subsidiaries of the operating partnership or the guarantors, the rights of holders of indebtedness and other obligations of the operating partnership (including the notes) or the guarantors (including their respective guarantees of the notes), as the case may be, will be effectively subordinated to the prior claims of that subsidiary’s creditors and of the holders of any indebtedness or other obligations of or guaranteed by that subsidiary, except to the extent that the operating partnership or any guarantor, as the case may be, is itself a creditor with recognized claims against that subsidiary, in which case those claims would still be effectively subordinated to all indebtedness, guarantees and other obligations secured by mortgages or other liens on the assets of that subsidiary (to the extent of the value of those assets) and would be subordinate to all indebtedness, guarantees and other obligations of that subsidiary senior to that held by the operating partnership or the guarantors, as the case may be. Moreover, in the event of the bankruptcy, liquidation, reorganization or