Investments In Unconsolidated Joint Ventures |
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| Equity Method Investments and Joint Ventures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments In Unconsolidated Joint Ventures | Investments In Unconsolidated Joint Ventures The following table summarizes our investments in unconsolidated joint ventures, which are accounted for using the equity method of accounting, as of June 30, 2026 and December 31, 2025:
(1)Owns homes in markets within the Western United States, Southeast United States, Florida, Tennessee, and Texas. (2)Owns homes in markets within the Southeast United States, Florida, Minnesota, Tennessee, and Texas. (3)Represents an investment in an operating company that provides a technology platform and asset management services. (4)Owns homes in markets within the Southeast United States and Florida. (5)Owns homes within the Western United States. (6)During the year ended December 31, 2025, our share of income increased from 10.0% to 50.0% as a result of achieving a promote interest threshold pursuant to the terms of the joint venture agreement. Each joint venture was initially capitalized with equity investments. Certain of the joint ventures subsequently entered into financing arrangements, and we have guaranteed the funding of certain, tax, insurance, and non-conforming property reserves related to the financing of one of the joint ventures. Total remaining equity commitments for our investments in unconsolidated joint ventures are $93,678 as of June 30, 2026. In some cases, responsibility for management and operations of the individual joint venture is vested with our joint venture partner or their affiliates. For other joint ventures, a wholly owned subsidiary of INVH LP functions as an administrative member responsible for management and operations of the individual joint venture, subject to the joint venture partner’s approval of major decisions. Accordingly, we do not have a controlling interest in any of our joint ventures, and they are accounted for using the equity method of accounting. We recorded net losses from these investments for the three months ended June 30, 2026 and 2025, totaling $2,402 and $4,802, respectively, and for the six months ended June 30, 2026 and 2025, totaling $5,487 and $10,020, respectively, which are included in losses from investments in unconsolidated joint ventures on the condensed consolidated statements of operations. We earn property and/or asset management fees from each of the joint ventures (except the Pathway Operating Company investment), and these fees are related party transactions. For the three months ended June 30, 2026 and 2025, we earned $6,028, and $6,306, respectively, and for the six months ended June 30, 2026 and 2025, we earned $12,324, and $12,467, respectively, of management fees from these related parties which are included in management fee revenues on the condensed consolidated statements of operations. As of June 30, 2026 and December 31, 2025, management fee receivables from our related parties totaled $1,953 and $1,884, respectively. (See Note 6 for additional information regarding total management fee revenues.)
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