Homes 4 Rent joins NYSE

Home 4 Rent – will it be a Stock 4 Profit?

Agoura Hills, CA based American Homes 4 Rent, a real estate investment trust specializing in single-family rental, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “AMH” after its initial public offering.  Barclays is the Designated Market Maker for the company’s stock.

CEO David Singelyn, accompanied by members of American Homes 4 Rent’s leadership team, celebrated the company’s first day of trading by ringing the famous NYSE Opening Bell and visiting the trading floor for the stock opening.

American Homes 4 Rent is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. As of June 30, 2013, they owned more than 17,900 single-family properties in selected submarkets in 21 states and “continually evaluate potential target markets that fit our underwriting criteria and are located where we believe we can achieve sufficient scale for internalized property managemen”t.

In a statement the company said they were  “in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction”.

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