Rent

American Homes 4 Rent Opens Treaty Oaks Community in St. Augustine, Florida

AGOURA HILLS, Calif., Oct. 13, 2020 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) is pleased to introduce Treaty Oaks in St. Augustine, Fla., which joins its rapidly growing family of newly built single-family rental home communities. Treaty Oaks is American Homes 4 Rent’s (“AH4R”) 59th new rental home community and its sixth in the Jacksonville market, building upon the success of its Black Creek Village, Calebs Cove and Kindlewood communities.

“American Homes 4 Rent’s communities are a new, innovative choice in American housing that combine the benefits of a single-family home with the flexibility and low-maintenance of leasing,” said Zack Johnson, Executive Vice President of Acquisitions & Development for AH4R. “We are proud to open our new Treaty Oaks community as we expand upon our already strong presence in the Jacksonville area.”

Treaty Oaks adds 31 homes built, owned and operated by AH4R to its existing portfolio of more than 2,300 units in the Jacksonville market.

“We are a resident-focused company seeking to create better experiences and our new Treaty Oaks community leverages our deep understanding of our industry and the Jacksonville market,” said Brent Landry, Senior Vice President of Development for AH4R. “We know where home shoppers want to live, the design features they prefer and we have the unique ability to lease our homes quickly with our in-house sales team.” 

The homes at Treaty Oaks feature upscale finishes that residents appreciate, along with the benefits of lawn care and pet-friendly yards. All homes are designed with open concept floorplans, granite countertops, stainless-steel appliances, luxury vinyl plank flooring, elegant bathrooms, quality fixtures, central heating and air conditioning and two-car garages.     

Treaty Oaks features four- and five-bedroom homes ranging in size from approximately 2,000 to 2,200 square feet. Pricing starts from the $1,900s

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American Homes 4 Rent Has Nothing To Offer (NYSE:AMH)

Source: Investor presentation

Towards the end of June, I penned a piece on residential rental REIT American Homes 4 Rent (AMH) stating I thought the stock was a sell. Shares are up marginally since then, so my bearishness seems to have been overdone given the way the stock has performed. However, that is a long way from making the stock a buy, and below, I’ll detail why I still think AMH is a waste of your time and investing dollars.

Shares have been resilient since June, as I said, and as you can see above. We aren’t talking about blockbuster gains here – a dollar or two per share – but to its credit, AMH is holding up. What’s interesting is that its peer group has performed absolutely horrendously this year, underperforming the S&P 500 by about 30% since the March bottom. AMH has vastly outperformed its peer group, however, which is great, but buying stocks in one of the worst-performing groups isn’t something I plan on doing a lot of. I want to own strong stocks in strong groups, and while AMH is the former, it certainly isn’t the latter. Outperforming a terrible benchmark doesn’t make a stock a buy.

Still cautious on growth

AMH has managed to boost its revenue each year since coming public, which is something that many REITs cannot say. That’s fine, but it simply hasn’t translated to FFO-per-share growth in the way that the valuation suggests it should.

Source: Seeking Alpha

This sort of revenue growth, on the surface, looks impressive. After all, AMH has taken a fairly new model in the REIT world – a sector which doesn’t see a lot of innovation – and has scaled it over the past several years. Top line growth is one thing, but I still think

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American Homes 4 Rent Opens Bella Vista Community in Marysville, Washington

AGOURA HILLS, Calif., Sept. 29, 2020 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) is pleased to introduce Bella Vista in Marysville, Wash., which joins its rapidly growing family of newly built single-family rental home communities. Bella Vista is American Homes 4 Rent’s (“AH4R”) 58th new rental home community and its fourth in the Seattle market, building upon the success of its Autumn Crest, Liberty Meadows and Royal Firs communities.

“American Homes 4 Rent is meeting the demand for new rental housing in the Greater Seattle market with our new Bella Vista community,” said Zack Johnson, Executive Vice President of Acquisitions & Development for AH4R. “We continue to deliver well-located communities through our one-of-a kind AMH Development homebuilding arm that is America’s leading builder of communities for rent.”

Bella Vista adds 24 homes built and operated by AH4R to its existing portfolio of more than 800 units in the Seattle market.

“AH4R is revolutionizing the industry as the nation’s leading builder of single-family rental communities,” said Robert Broad, Senior Vice President of Development for AH4R. “Our new Bella Vista community offers all the benefits of single-family living with the financial flexibility and low-maintenance lifestyle of leasing.”

The homes at Bella Vista feature upscale finishes that residents appreciate, along with the benefits of lawn care and pet-friendly yards. All homes are designed with open concept floorplans, granite countertops, stainless-steel appliances, luxury vinyl plank flooring, elegant bathrooms, quality fixtures and two-car garages.     

Bella Vista features three- and four-bedroom homes ranging in size from approximately 2,000 to 2,400 square feet. Pricing starts from the $2,500s per month. The well-located neighborhood has amazing views of Puget Sound and Whidbey Island, and provides residents with quick access to local job centers, dining, shopping and entertainment.

Prospective residents are encouraged

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American Homes 4 Rent to Open Kings Crossings Community in North Las Vegas, Nevada

The MarketWatch News Department was not involved in the creation of this content.


AGOURA HILLS, Calif., Sept. 22, 2020 /PRNewswire via COMTEX/ —
AGOURA HILLS, Calif., Sept. 22, 2020 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) is pleased to introduce Kings Crossings in North Las Vegas, Nev., which joins its rapidly growing family of newly built single-family rental home communities. Kings Crossings is AH4R’s 57th new rental home community and its fourth in the Las Vegas market, building upon the success of its Big Buffalo, Cactus Cliff and Desert Wind Ranch communities.

“American Homes 4 Rent is proud to open our new Kings Crossings community that provides Las Vegas home shoppers a superior new choice in American housing,” said Zack Johnson, Executive Vice President of Acquisitions & Development for AH4R. “Our newly constructed Kings Crossings community offers all the benefits of single-family living with the financial flexibility and low-maintenance lifestyle of leasing.”

Kings Crossings adds 81 homes built, owned and operated by AH4R to its existing portfolio of more than 1,000 units in the Las Vegas market.

“AH4R is revolutionizing the industry as the nation’s leading builder of single-family rental communities,” said Robert Broad, Senior Vice President of Development for AH4R. “The homes at Kings Crossings offer residents high-quality features and unique neighborhood amenities such as a community pool and miles of walking trails.” 

The homes at Kings Crossings feature desert landscaping and pet-friendly yards. All homes are designed with open concept floorplans, granite countertops, stainless-steel appliances, luxury vinyl plank flooring, elegant bathrooms, quality fixtures and two-car garages.    

Kings Crossings features three- and four-bedroom homes ranging in size from approximately 1,400 to 2,100 square feet. Pricing starts from the $1,700s per month. The well-located neighborhood provides residents with quick access to local job centers, dining, shopping and entertainment.

Prospective

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