Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 141

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 141
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 those in the 75% asset 
 class.                                                                                                    |

| 3. | except for securities in TRSs and the securities in the 75% asset class described in 1. above, the value of any 
 one issuer’s securities owned by us may not exceed 5% of the value of our total assets.                         |

45

| 4. | except for securities in TRSs and the securities in the 75% asset class described in 1. above, we may not own 
 more than 10% of any one issuer’s outstanding voting securities.                                              |

| 5. | except for securities of TRSs and the securities in the 75% asset class described in 1. above, we may not own                                                                                                       
 more than 10% of the total value of the outstanding securities of any one issuer, other than securities that qualify for the “straight debt” exception discussed below or for certain other exceptions noted below. |

| 6. | not more than 20% of the value of our total assets may be represented by the securities of one or more TRSs. |

| 7. | not more than 25% of the value of our total assets may be represented by nonqualified publicly offered REIT 
 debt instruments.                                                                                           |

Notwithstanding the general rule, as noted above, that for purposes of the REIT income and asset tests we are treated as owning our proportionate share of the underlying assets of a subsidiary partnership, if we hold indebtedness issued by a partnership, the indebtedness will be subject to, and may cause a violation of, the asset tests unless the indebtedness is a qualifying mortgage asset or other conditions are met. Similarly, although stock of another REIT is a qualifying asset for purposes of the REIT asset tests, any non-mortgagedebt that is issued by another REIT may not so qualify (although such debt will not be treated as “securities” for purposes of the 10% asset test, as explained below). Securities, for the purposes of the asset tests, may include debt we hold from other issuers. However, debt we hold in an issuer that does not qualify for purposes of the 75% asset test will not be taken into account for purposes of the 10% value test if the debt securities meet the straight debt safe harbor. Debt will meet the “straight debt” safe harbor if the debt is a written unconditional promise to pay on demand or on a specified date a sum certain