Invitation Homes
Invitation Homes is mainly an owner, but its 10-K shows a growing side business: third-party property and asset management for 15,866 homes. An investor hiring it as a manager is hiring a company that also competes for the same tenants and acquisitions in 16 core markets.
Last verified: 2026-10-20
Unscored
Public REIT. Manages its own homes and also manages homes for third parties.
No published property-management rubric yet.
At a glance
| Legal entity | Invitation Homes Inc. (NYSE: INVH) |
| Headquarters | Dallas, TX |
| Segment | Single-family rental |
| Scale (as published) | 86,192 homes wholly owned, 8,006 in joint ventures and 15,866 managed for others (Dec 31, 2025) |
| Score | Unscored |
What the sources reveal
Invitation Homes is mainly an owner, but its 10-K shows a growing side business: third-party property and asset management for 15,866 homes. An investor hiring it as a manager is hiring a company that also competes for the same tenants and acquisitions in 16 core markets.
Key facts
| Fact | Source | Checked |
|---|---|---|
| As of Dec 31, 2025: 86,192 homes wholly owned, 8,006 jointly owned, and third-party property and asset management for another 15,866 homes, mostly in 16 core markets. | source | |
| 2025 total revenues $2,729.3M; net income attributable to common stockholders $587.9M (XBRL, 10-K). | source | |
| The 10-K says it has begun to construct homes for itself and third parties. | source |
Who it’s actually for
- Institutional or JV capital wanting a public-company SFR platform to run homes (third-party management is disclosed).
- Renters: a large, standardized landlord across 16 core markets.
What we could not verify
- Third-party management fees and minimum portfolio size: not disclosed in the 10-K.
Related
Invitation Homes vs AMH (American Homes 4 Rent) · Property management hub · All profiles
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Profile published from sources read this day.
Sources
- Invitation Homes Form 10-K for 2025 · accessed 2026-10-20
Corrections: use our contact page.