American Homes 4 Rent

Last updated
American Homes 4 Rent [AMH]
Company type Public company
Industry Real estate investment trust
FoundedOctober 19, 2012;12 years ago (2012-10-19)
Founder B. Wayne Hughes
Headquarters Las Vegas, Nevada, U.S.
Key people
Bryan Smith (CEO)
Products Single Family Rental Homes and Communities
RevenueIncrease2.svg US$1.143 billion (2019)
Increase2.svg US$85 million (2019)
Total assets Increase2.svg US$9.100 billion (2019)
Total equity Increase2.svg US$6.018 billion (2019)
Number of employees
1,725 (December 2023)
Website www.amh.com
Footnotes /references
[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]

Contents

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

References

  1. 1 2 3 "American Homes 4 Rent 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. 1 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.
  5. ↑ "Investors – AMH". investors.amh.com.
  6. ↑ "Introducing AMH, a brand built for the future". www.amh.com. Retrieved 12 January 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.