American Homes 4 Rent | |
Type: | Public company |
Industry: | Real estate investment trust |
Key People: | David P. Singelyn (CEO) |
Products: | Leasehold estates |
Revenue: | (2019) |
Net Income: | US$85 million (2019) |
Assets: | US$9.100 billion (2019) |
Equity: | US$6.018 billion (2019) |
Num Employees: | 1,725 (December 2023) |
Footnotes: | [1] |
American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta (9.3% of total homes), Dallas-Fort Worth (8.4% of total homes), and Charlotte, North Carolina (7.2% of total homes).[1]
The company was established in October 2012 by B. Wayne Hughes, the founder of Public Storage.[2] It was one of the first large public companies to begin investing heavily in single-family homes, following the entry of The Blackstone Group into the field in 2012.[3] Early funding for the company included a $600 million investment from the Alaska Permanent Fund.
In August 2013, the company became a public company via an initial public offering.[1]
In March 2016, the company merged with American Residential Properties, Inc.[4]
In January 2023, the company announced a branding change from American Homes 4 Rent to AMH in a public news release and a notice to investors.[5] [6]