Invitation Homes Inc.

Invitation Homes is a leading owner and operator of single-family homes for lease in the United States. As of December 31, 2025, the company wholly owns 86,192 homes for lease and jointly owns 8,006 homes for lease. Additionally, it provides professional third-party property and asset management services for an additional 15,866 homes. These properties are primarily located in 16 core markets across the country, with a focus on the Western United States, Florida, and the Southeast United States. The company's business involves acquiring, renovating, leasing, maintaining, and managing single-family homes. The homes in its owned portfolio average approximately 1,880 square feet, typically featuring three to four bedrooms and two bathrooms. Invitation Homes invests in upfront renovations to address capital needs, reduce ongoing maintenance costs, and attract residents. The company's operating platform, established since its founding in 2012, supports these activities for both owned and managed homes. The portfolios are designed to achieve operating benefits from local density and economies of scale.