American Homes 4 Rent’s introduction says, “American Homes 4 Rent is focused on acquiring, renovating, leasing, and operating residential homes. We are a primary leader in the home rental market by aggregating a diversified portfolio of quality properties in our target markets. We are providing high levels of satisfaction to our residents and becoming respected members of our communities. We provide both resident and investor resources, along with concern for our environment. We are a nationally recognized brand that is consistent with acquiring homes in target neighborhoods and communities with access to lifestyle amenities. Our brand is identified in developing our partnerships, with confidence, in all focused aspects of our business and communities.”
The company shows locations on its website as the following: Atlanta, Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Denver, Fort Lauderdale, Fort Myers, Houston, Indianapolis, Jacksonville, Las Vegas, Nashville, Orlando, Palmdale, Phoenix, Sacramento, San Antonio, San Bernardino, San Diego, Seattle, Salt Lake City, and Tucson.
The company did not disclose financial terms, it did not say how much the IPO will be up to in dollar amounts, it did not show any of its financial statements from 2012 or before, and it did not disclose which investment banking firms would be in its underwriting syndicate. All that was said is that the nature and timing of the offering are subject to change. The company showed in the press release that it plans to use the net proceeds from its IPO to acquire and renovate single-family homes and for general corporate purposes.
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