American Homes 4 Rent

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American Homes 4 Rent
TypePublic company
NYSE: AMH (Class A)
Russell 1000 component
IndustryReal estate investment trust
FoundedOctober 19, 2012; 9 years ago (2012-10-19)
FounderB. Wayne Hughes
HeadquartersCalabasas, California, U.S.
Key people
David P. Singelyn, CEO
ProductsLeasehold estates
RevenueIncrease $1.143 billion (2019)
Increase $85 million (2019)
Total assetsIncrease $9.100 billion (2019)
Total equityIncrease $6.018 billion (2019)
Number of employees
1,324 (2019)
Websitewww.ah4r.com
Footnotes / references
[1]

American Homes 4 Rent is a real estate investment trust based in Calabasas, California 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.[2]

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]

References[]

  1. ^ a b c "American Homes 4 Rent 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ a b Perlberg, Heather; Gittelsohn, John (February 13, 2013). "Billionaire Hughes chasing Blackstone as U.S. rental king". Bloomberg News.
  3. ^ Lee Van Der Voo (September 8, 2015). "Wall Street moves in on Portland rental homes". Investigate West. Retrieved 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" (Press release). PR Newswire. March 1, 2016.

External links[]

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