Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 164

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 164
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forming property reserves related to the financing of one of the joint ventures. Total remaining equity commitments for our investments in unconsolidated joint ventures are $176,950 as of December 31, 2024.In some cases, responsibility for management and operations of the individual joint venture is vested with our joint venture partner or their affiliates. For other joint ventures, a wholly owned subsidiary of INVH LP functions as an administrative member responsible for management and operations of the individual joint venture, subject to the joint venture partner’s approval of major decisions. Accordingly, we do not have a controlling interest in any of our joint ventures, and they are accounted for using the equity method of accounting.We recorded net losses from these investments for the years ended December 31, 2024, 2023, and 2022, totaling $28,445, $17,877, and $9,606, respectively, which are included in losses from investments in unconsolidated joint ventures in the consolidated statements of operations.We earn property and/or asset management fees from each of the joint ventures (except the Pathway Operating Company investment), and these fees are related party transactions. For the years ended December 31, 2024, 2023, and 2022, we earned $18,222, $13,647, and $11,480, respectively, of management fees from these related parties which are included in management fee revenues in the consolidated statements of operations. As of December 31, 2024 and 2023, management fee receivables from our related parties totaled $1,952 and $1,159, respectively. (See Note 6 for additional information regarding total management fee revenues.)

F-19

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

Note 6—Other Assets

As of December 31, 2024 and 2023, the balances in other assets, net are as follows:December 31,2024December 31, 2023Amounts deposited and held by others$93,965 $92,151 Derivative instruments (Note 8)61,479 75,488 Rent and other receivables, net61,235 60,810 Investments in equity and other securities60,120 55,991 Investments in debt securities, net54,619 86,471 Prepaid expenses49,877 47,770 Held for sale