Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 64

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 64
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 balance sheets as restricted cash.The amounts funded, and to be funded, to the reserve accounts are subject to formulae included in the Secured Debt loan agreements and are to be released to us subject to certain conditions specified in the loan agreements being met. To the extent that an event of default were to occur, the loan servicer has discretion to use such funds to either settle the applicable operating expenses to which such reserves relate or reduce the allocated loan amount associated with a residential property of ours.The balances of our restricted cash accounts are set forth in the table below. As of September 30, 2025 and December 31, 2024, no amounts were funded to the insurance accounts as the conditions specified in the Secured Debt loan agreements that require such funding did not exist.

September 30,2025December 31, 2024Resident security deposits$185,129 $181,549 Tax deferred property exchange deposits27,292 47,551 Property taxes17,076 4,343 Collections6,685 7,365 Letters of credit2,485 2,495 Capital expenditures1,355 1,623 Special and other reserves276 276 Total$240,298 $245,202  

18

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

Note 5—Investments In Unconsolidated Joint Ventures

The following table summarizes our investments in unconsolidated joint ventures, which are accounted for using the equity method of accounting, as of September 30, 2025 and December 31, 2024:Number of Properties OwnedCarrying ValueOwnership PercentageSeptember 30,2025December 31, 2024September 30,2025December 31, 2024Pathway Property Company(1)100.0%841590$115,226 $102,520 2020 Rockpoint JV(1)20.0%2,6052,60638,376 44,846 Upward America JV(2)7.2%3,7203,72033,128 37,809 Pathway Operating Company(3)15.0%N/AN/A27,11820,706 FNMA(4)(5)10.0%33238718,054 22,072 2024 Peregrine JV(6)30.0%