Invitation Homes Announces Voluntary Debt Prepayment

DALLAS, March 10, 2017 /PRNewswire/ -- Invitation Homes Inc. (NYSE: INVH) today announced that 2014-1 IH Borrower L.P., its wholly-owned subsidiary, voluntarily prepaid approximately $260 million of borrowings outstanding under the Loan Agreement, dated as of May 30, 2014, by and between 2014-1 IH Borrower L.P. and German American Capital Corporation, in accordance with the terms of the Loan Agreement.  This voluntary prepayment reduced the outstanding principal balance of the Company's IH 2014-SFR1 securitization to approximately $421 million.  The prepayment was made with proceeds received in connection with the initial public offering of Invitation Homes Inc.'s common stock and cash on hand.

About Invitation Homes:
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes in desirable neighborhoods across America. With nearly 50,000 homes for lease in 13 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.  The company's mission, "Together with you, we make a house a home," reflects its commitment to high-touch service that continuously enhances residents' living experiences and provides homes where individuals and families can thrive.

Investor Relations Contact:
Greg Van Winkle
Phone: 844.456.INVH (4684)
Email: IR@InvitationHomes.com

Media Relations Contact:
Claire B. Parker
Phone: 202.257.2329
Email: Media@InvitationHomes.com

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SOURCE Invitation Homes