Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 193

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 193
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 2024 and 2023, respectively.(3)The carrying values of the mortgage loans include $880 and $1,232 of unamortized discount and exclude $4,347 and $6,329 of deferred financing costs as of December 31, 2024 and 2023, respectively.(4)The carrying value of the Unsecured Notes — private placement excludes $1,009 and $1,178 of deferred financing costs as of December 31, 2024 and 2023, respectively.(5)The carrying value of the Secured Term Loan excludes $1,397 and $1,614 of deferred financing costs as of December 31, 2024 and 2023, respectively.(6)The carrying values of the Term Loan Facilities exclude $28,959 and $13,186 of deferred financing costs as of December 31, 2024 and 2023, 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 mortgage loans, 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.

F-37

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

The following table displays the significant unobservable inputs used to develop our Level 3 fair value measurements as of December 31, 2024:Quantitative Information about Level 3 Fair Value Measurement(1)Fair ValueValuation TechniqueUnobservable InputRateSecured Term Loan$358,222 Discounted Cash FlowEffective Rate5.65%Term Loan Facilities2,478,006 Discounted Cash FlowEffective Rate4.90%—5.56%Revolving Facility570,702