Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 217

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 9B
Chunk 217
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 of title.

•We selected a sample of costs capitalized during the year and evaluated the accuracy and classification of recorded amounts. 

•We developed an expectation of capitalized recurring expenditures that improve or extend the life of the home based on the historical amounts recorded, taking into account changes in the portfolio of single-family residential properties and market conditions, and compared our expectation to the recorded balance.

/s/ Deloitte & Touche LLP

Dallas, TX

February 27, 2025

We have served as the Company’s auditor since 2013. 

F-2

INVITATION HOMES INC.CONSOLIDATED BALANCE SHEETSAs of December 31, 2024 and 2023(in thousands, except shares and per share data)

20242023Assets:Investments in single-family residential properties:Land$4,901,192 $4,881,890 Building and improvements17,180,308 16,670,006 22,081,500 21,551,896 Less: accumulated depreciation(4,869,374)(4,262,682)Investments in single-family residential properties, net17,212,126 17,289,214 Cash and cash equivalents174,491 700,618 Restricted cash245,202 196,866 Goodwill258,207 258,207 Investments in unconsolidated joint ventures241,605 247,166 Other assets, net569,320 528,896 Total assets$18,700,951 $19,220,967 Liabilities:Mortgage loans, net$983,924 $1,627,256 Secured term loan, net401,649 401,515 Unsecured notes, net3,800,688 3,305,467 Term loan facilities, net2,446,041 3,211,814 Revolving facility570,000 — Accounts payable and accrued expenses247,709 200,590 Resident security deposits180,866 180,455 Other liabilities277,565 103,435 Total liabilities8,908,442 9,030,532 Commitments and contingencies (Note 14)Equity:Stockholders’ equityPreferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding as of December 31, 2024 and 2023— — Common stock, $0