Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 36

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 36
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idiary of any Subsidiary Guarantor (including any such Subsidiary that is a Subsidiary Guarantor) may consolidate with, merge into or transfer all or part of its properties to such Subsidiary Guarantor and neither an officers’ certificate nor an opinion of counsel will be required to be delivered. In the event of any transaction described in and complying with the conditions listed in the immediately preceding paragraphs, but not a lease, in which such Subsidiary Guarantor is not the continuing entity, the successor person formed or remaining shall succeed, and be substituted for, and may exercise every right and power of such Subsidiary Guarantor, and such Subsidiary Guarantor shall be discharged from its obligations under its Guarantee and the indenture. S-23

This “Merger, Consolidation or Sale” covenant will not apply to:

| • |     | a merger, consolidation, sale, assignment, transfer, conveyance or other disposition of assets between or among                                                                                                                                        
 any Parent Guarantor, the operating partnership or any Subsidiary Guarantor; provided, however that the foregoing clause shall not apply to any merger, consolidation, sale, assignment, transfer, conveyance or other disposition of assets involving 
 the operating partnership where the operating partnership is not the continuing entity or the successor entity; or                                                                                                                                     |

| • |     | a merger between any Parent Guarantor or any of its Subsidiaries, respectively, and an affiliate of such Parent                                                                              
 Guarantor or such Subsidiary incorporated or formed solely for the purpose of reincorporating or reorganizing the Parent Guarantor or such Subsidiary in another state of the United States. |

Although there is a limited body of case law interpreting the phrase “all or substantially all,” there is no precise established definition of the phrase under applicable law. Accordingly, in certain circumstances there may be a degree of uncertainty as to whether a particular transaction would involve “all or substantially all” of the property or assets of a person. No Protection in the Event of a Change of Control The notes will not contain any provisions that may afford holders of the notes protection in the event the operating partnership or any Parent Guarantor has a change in control or in the event of a highly leveraged transaction (whether or not such transaction results in a change in control) that could adversely affect holders of the notes. Certain Covenants Limitations on Debt Aggregate Debt Test The Company will not, and will not permit any of its