Investor Presentaiton

(1) Location: High-Growth Markets We focus on high-growth markets and in-fill neighborhoods with proximity to jobs, transportation, and schools >95% of revenue from Western Seattle U.S., Sunbelt, and Florida 6% 6.1% Northern avg annual SS-NOI growth California 6% from 2017 to 2021 38% more home price appreciation than U.S. avg since 2012 (1) 2.0x more job growth than U.S. avg since 2012 (1) Southern California 12% Las Vegas 4% Phoenix 9% Denver 4% Minne- apolis 1% Chicago 3% Carolinas 6% Dallas 3% Atlanta 13% Jacksonvill 2% Houston 2% Orlando 7% Tampa 10% South Percent of 1Q22 revenue Florida 12% Sources: John Burns Real Estate Consulting, S&P CoreLogic Case-Shiller® Home Price Indices, March 2022. Growth rates are for the entire market in which IH owns homes, weighted by IH home count, and represent market-level data for the entire market rather than IH home-specific data. 10 invitation homes

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