Press Release

Invitation Homes Provides Update on the Impact of Hurricane Irma

Company Release - 9/18/2017 6:30 AM ET

DALLAS, Sept. 18, 2017 /PRNewswire/ -- Invitation Homes Inc. (NYSE: INVH) ("Invitation Homes" or the "Company") today announced a preliminary update of the potential effects of Hurricane Irma on its Florida and Atlanta markets.

"Our hearts go out to all of the communities and people impacted by Hurricane Irma," said John Bartling, Invitation Homes' President and CEO.  Mr. Bartling continued, "First and foremost, we are grateful that we have not received any reports of injuries to our residents or associates as a result of the storm.  Additionally, because the storm weakened early in its landfall, it didn't affect our markets to the extent originally predicted.  Our teams are actively working to identify homes with weather-related damage and to support our residents.  We look forward to aiding the rebuilding effort in the communities we serve."

At this time, all of the Company's regional offices affected by Irma are open, and leasing activity has resumed in all markets.

The safety of residents and associates remains Invitation Homes' top priority, and the Company is also working with its associates, residents, and vendors to complete a detailed evaluation of portfolio damage.  Varying degrees of damage were incurred by homes in the Company's Florida and Atlanta markets as a result of Hurricane Irma, with most of the reports to date consisting of limited damage to roofing, fencing, and landscaping.  The Company does not have any markets that were affected by Hurricane Harvey.

Invitation Homes carries insurance for wind damage, flood damage, and business interruption. The Company expects to provide a damage estimate and estimated insurance recoveries after it has more fully assessed the damage caused by the storm.

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 Parker
Phone: 202.257.2329
Email: Media@InvitationHomes.com

 

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SOURCE Invitation Homes