Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 161

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 161
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yeda released a public statement and notified the United States Court of Appeals for the Eighth Circuit (where the challenges are consolidated) to hold off scheduling the case for argument to provide time for the SEC to further deliberate and determine next steps. Therefore, the timing of the effectiveness of these disclosure requirements is uncertain. We are currently assessing the effect of new rules on our consolidated financial statements and related disclosures.

Note 3—Investments in Single-Family Residential Properties

The following table sets forth the net carrying amount associated with our properties by component:December 31,2024December 31, 2023Land$4,901,192 $4,881,890 Single-family residential property16,470,468 15,977,256 Capital improvements575,982 565,214 Equipment133,858 127,536 Total gross investments in the properties22,081,500 21,551,896 Less: accumulated depreciation(4,869,374)(4,262,682)Investments in single-family residential properties, net$17,212,126 $17,289,214  As of December 31, 2024 and 2023, the carrying amount of the residential properties above includes $140,202 and $135,004, respectively, of capitalized acquisition costs (excluding purchase price), along with $78,776 and $78,073, respectively, of capitalized interest, $31,718 and $30,531, respectively, of capitalized property taxes, $5,202 and $5,037, respectively, of capitalized insurance, and $3,745 and $3,691, respectively, of capitalized HOA fees.During the years ended December 31, 2024, 2023, and 2022, we recognized $699,474, $663,398, and $629,301, respectively, of depreciation expense related to the components of the properties, and $14,852, $10,889, and $8,813, respectively, of depreciation and amortization related to corporate furniture and equipment. These amounts are included in depreciation and amortization in the consolidated statements of operations. Further, during the years ended December 31, 2024, 2023, and 2022, impairments totaling $506, $427, and $310, respectively, have been recognized and are included in casualty losses, impairment, and other in the consolidated statements of operations. See Note 11 for additional information regarding these impairments