Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 89

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 89
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442 and $4,347 of deferred financing costs as of June 30, 2025 and December 31, 2024, respectively.(4)The carrying value of the Unsecured Notes — private placement excludes $925 and $1,009 of deferred financing costs as of June 30, 2025 and December 31, 2024, respectively.(5)The carrying value of the IH 2019-1 excludes $1,288 and $1,397 of deferred financing costs as of June 30, 2025 and December 31, 2024, respectively.(6)The carrying values of the Term Loan Facilities exclude $27,445 and $28,959 of deferred financing costs as of June 30, 2025 and December 31, 2024, respectively.(7)The carrying value of the Revolving Facility excludes deferred financing costs which are classified in other assets, net (see Note 6).We value our Unsecured Notes — public offering using quoted market prices for each underlying issuance, a Level 1 price within the fair value hierarchy. The fair values of our investments in debt securities, 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.The following table displays the significant unobservable inputs used to develop our Level 3 fair value measurements as of June 30, 2025:Quantitative Information about Level 3 Fair Value Measurement(1)Fair ValueValuation TechniqueUnobservable InputRateSecured Debt — IH 2019-1$372,412 Discounted Cash FlowEffective Rate4.95%Term Loan Facilities2,484,330 Discounted Cash FlowEffective Rate3.87%—5.18%Revolving Facility542,743 Discounted Cash FlowEffective Rate3.79%—5.11%(1)Our Level 3 fair value instruments require interest only payments.

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INVITATION HOMES