Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 23

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 23
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 (or which guarantee or obligation is being                                                                                                                                          
 simultaneously released or will be immediately released after the release of the subsidiary from its guarantee of the notes) in respect of Triggering Indebtedness, provided that any release of such subsidiary’s guarantee pursuant to this bullet     
 point will not limit the obligation of such subsidiary to guarantee the notes at any time after such release if such subsidiary subsequently, directly or indirectly, guarantees, or otherwise becomes obligated in respect of, Triggering Indebtedness; |

| • |     | such subsidiary consolidating with, merging into or transferring all of its properties or assets to another                    
 guarantor, and as a result of, or in connection with, such transaction such subsidiary dissolves or otherwise ceases to exist; |

| • |     | if the operating partnership exercises its legal defeasance option or its covenant defeasance option or if the                                                                                                     
 operating partnership’s obligations under the indenture are discharged in accordance with the terms of the indenture, as described in “Description of Notes—Defeasance” and “Description of Notes—Satisfaction and 
 Discharge” in this prospectus supplement;                                                                                                                                                                          |

| • |     | upon the sale or other disposition (including by way of consolidation or merger) of such subsidiary; or |

| • |     | upon the sale or disposition of all or substantially all of the assets of such subsidiary; |

provided, however, that in the case of the fourth and fifth bullet points above, (1) such sale or other disposition is made to a person other than the Company or any of its other subsidiaries and (2) such sale or disposition is otherwise permitted by the indenture. S-15

USE OF PROCEEDS

The operating partnership expects that the net proceeds from this offering will be approximately $592.6 million, after deducting the
underwriting discount and estimated expenses. The operating partnership intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of a portion of the operating partnership’s outstanding
indebtedness under its revolving credit facility.

As of August 8, 2025, the operating partnership had $670.0 million of
indebtedness outstanding under its revolving credit facility. Borrowings under the operating partnership’s revolving credit facility bear interest at a rate based on a Secured Overnight Financing Rate (“SOFR”) adjusted for a 0.10%
credit spread adjustment (“Adjusted SOFR”), plus an applicable margin. As of June 30,