American Homes 4 Rent Explained

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]

History

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]

See also

Notes and References

  1. Web site: American Homes 4 Rent 2019 Form 10-K Annual Report . U.S. Securities and Exchange Commission.
  2. News: Billionaire Hughes chasing Blackstone as U.S. rental king . . Heather . Perlberg . John . Gittelsohn . February 13, 2013 . subscription.
  3. News: Wall Street moves in on Portland rental homes. Investigate West. Lee Van Der Voo. September 8, 2015. 2015-09-10.
  4. American Homes 4 Rent And American Residential Properties, Inc. Complete Their Merger, Enhancing The Size Of The Largest Publicly Traded Single-Family Rental Company . . March 1, 2016.
  5. Web site: Investors – AMH . investors.amh.com.
  6. Web site: Introducing AMH, a brand built for the future . www.amh.com . 12 January 2023 . en.