American Homes 4 Rent Announces Launch of Initial Public Offering

AGOURA HILLS, Calif., July 19, 2013 /PRNewswire/ -- American Homes 4 Rent (the "Company") today announced that it has commenced an initial public offering of 44,117,647 of its Class A common shares of beneficial interest, $0.01 par value per share, pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission (the "SEC"). In addition, the underwriters will have a 30-day option to purchase up to 6,617,647 Class A common shares from the Company.  The initial public offering price is currently expected to be between $16.00 and $18.00 per Class A common share.  The Class A common shares are expected to trade on the New York Stock Exchange under the symbol "AMH."

The Company intends to contribute the net proceeds of the offering to its operating partnership. The operating partnership intends to use the net proceeds to repay borrowings under its credit facility, to continue to acquire and renovate single-family properties and for general business purposes.  

Goldman, Sachs & Co., BofA Merrill Lynch, FBR, J.P. Morgan, Wells Fargo Securities, Citigroup, Credit Suisse, Jefferies, Morgan Stanley and Raymond James will serve as joint book-running managers for the offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted before the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful before registration or qualification thereof under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus.  Copies of the preliminary prospectus relating to the offering, and the final prospectus when available, may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526 or e-mail: prospectus-ny@ny.email.gs.com; BofA Merrill Lynch at 222 Broadway, New York, New York 10038, Attention:  Prospectus Department, or e-mail: dg.prospectus_requests@baml.com; FBR Capital Markets & Co., Attention: Syndicate Prospectus Department, 1001 Nineteenth Street North, Arlington, Virginia 22209, telephone: 1-703-312-9500 or e-mail: prospectuses@fbr.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204; or Wells Fargo Securities, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, New York 10152, telephone: 1-800-326-5897 or e-mail: cmclientsupport@wellsfargo.com.

Forward-Looking Statements

This press release contains "forward-looking statements." These forward -looking statements relate to beliefs, expectations or intentions and similar statements concerning matters that are not of historical fact and are generally accompanied by words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "intend," "anticipate," "potential," "plan," "goal" or other words that convey the uncertainty of future events or outcomes. These forward-looking statements may include, but are not limited to, expectations concerning the Company's ability to complete the offering and its operating partnership's intended use of the net proceeds. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While the Company's management considers these expectations to be reasonable, they are inherently subject to risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. Investors should not place undue reliance on these forward-looking statements. 

Contact: Peter J. Nelson, American Homes 4 Rent
Tel: (310) 774-5394

SOURCE American Homes 4 Rent



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