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.[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]
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
- History and impact of institutional investment in housing in the United States
External links
References
- American Homes 4 Rent 2019 Form 10-K Annual Report U.S. Securities and Exchange Commission^
- Heather Perlberg, John Gittelsohn. Billionaire Hughes chasing Blackstone as U.S. rental king Bloomberg News, February 13, 2013^
- Lee Van Der Voo. Wall Street moves in on Portland rental homes Investigate West, September 8, 2015, retrieved 2015-09-10^
- American Homes 4 Rent And American Residential Properties, Inc. Complete Their Merger, Enhancing The Size Of The Largest Publicly Traded Single-Family Rental Company PR Newswire, March 1, 2016^
- Investors – AMH investors.amh.com^
- Introducing AMH, a brand built for the future www.amh.com, retrieved 12 January 2023^