Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 63

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 63
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/A20,86720,706 2022 Rockpoint JV(1)16.7%2783199,800 10,426 2024 Peregrine JV(5)30.0%20N/A6,138 3,226 Total$232,614 $241,605 (1)Owns homes in markets within the Western United States, Southeast United States, Florida, and Texas.(2)Owns homes in markets within the Southeast United States, Florida, Minnesota, Tennessee, and Texas.(3)Owns homes within the Western United States.(4)Represents an investment in an operating company that provides a technology platform and asset management services.(5)Represents an investment in a joint venture that will invest in newly-constructed homes and communities.

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

Each joint venture was initially capitalized with equity investments. Certain of the joint ventures subsequently entered into financing arrangements, and we have guaranteed the funding of certain, tax, insurance, and non-conforming property reserves related to the financing of one of the joint ventures. Total remaining equity commitments for our investments in unconsolidated joint ventures are $164,019 as of June 30, 2025.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 three months ended June 30, 2025 and 2024, totaling $4,802 and $5,482, respectively, and for the six months ended June 30, 2025 and 2024, totaling $10,020, and $10,620, respectively, which are included in losses from investments in unconsolidated joint ventures in the condensed 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 three months ended June 30, 2025 and 2024, we earned $6,306