Last Tuesday, American Homes 4 Rent, a real estate investment trust, file to raise funds with an initial public offering (IPO) of up to US$1.25 billion for its Class A shares offer.
American Homes 4 Rent is based in California and started its operations in November to continue AH LLC's investment activities. The company was established by its chairman, Wayne Hughes who was also the former CEO of Public Storage, a real estate investment trust.
The filing for IPO did not reveal how many shares the firm plans to sell including their expected price. The leading bookrunners for said IPO are Goldman Sachs, JP Morgan, Bank of America Merrill Lynch and Wells Fargo Securities.
As of April 30, American Homes 4 Rent has a total of 14,210 single family properties. The firm also had an additional 1,425 properties under contractual provisions and is expected to acquire as stated in the IPO filing.
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