Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 167

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 167
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 and 2023:December 31, 2024December 31, 2023OperatingLeasesFinanceLeasesOperatingLeasesFinanceLeasesOther assets$19,772 $9,058 $9,236 $4,296 Other liabilities (Note 14)21,904 8,636 11,097 3,796 Weighted average remaining lease term7.6 years3.1 years3.3 years2.9 yearsWeighted average discount rate5.6%6.0%3.6%5.2%

F-21

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

Deferred Financing Costs, netIn connection with the new Revolving Facility (as defined in Note 7), we incurred $25,567 of financing costs, which have been deferred as other assets, net on our consolidated balance sheets. We amortize deferred financing costs as interest expense on a straight-line basis over the term of the Revolving Facility and accelerate amortization if debt is retired before the maturity date, as appropriate. The deferred financing costs as of December 31, 2023 were incurred in connection with a previous revolving facility that was replaced by the new Revolving Facility during the third quarter of 2024 (see Note 7). As of December 31, 2024 and 2023, the unamortized balances of these deferred financing costs are $23,579 and $2,972, respectively.OtherOther is primarily comprised of deferred costs related to property and asset management contracts that are being amortized over the estimated lives of the underlying contracts and other deferred costs, including those that will be capitalized as corporate fixed assets upon deployment of the software.

Note 7—Debt

Mortgage LoansOur securitization transactions (the “Securitizations” or the “mortgage loans”) are collateralized by certain homes owned by the respective Borrower Entities. We utilize the proceeds from our Securitizations to fund: (i) repayments of then-outstanding indebtedness; (ii) initial deposits into Securitization reserve accounts; (iii) closing costs in connection with the mortgage loans; and (iv) general costs associated with our operations.The following table sets forth a summary of our mortgage loan indebtedness as of December 31, 2024 and 2023:Outstanding PrincipalBalance(1)OriginationDateMaturity