American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust based in Agoura Hills, 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]

American Homes 4 Rent
TypePublic company
NYSE: AMH (Class A)
Russell 1000 component
IndustryReal estate investment trust
FoundedOctober 19, 2012 (2012-10-19)
FounderB. Wayne Hughes
HeadquartersAgoura Hills, California, U.S.
Key people
David P. Singelyn, CEO
ProductsLeasehold estates
Revenue $1.143 billion (2019)
$85 million (2019)
Total assets $9.100 billion (2019)
Total equity $6.018 billion (2019)
Number of employees
1,324 (2019)
Websitewww.americanhomes4rent.com
Footnotes / references
[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. "American Homes 4 Rent 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. 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.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.