PHOENIX, Nov. 3, 2016 /PRNewswire/ --American Housing Income Trust, Inc.® ("AHIT" or the "Company") (OTCQB: AHIT), an internally managed real estate investment trust (REIT) that owns and operates single-family rental properties, today announced the implementation of a Cloud-Based End-to-End Property Management Automation System that is expected to reduce the cost of managing the properties in its portfolio.
The proprietary system, named AHIT Advantage, will track all aspects of the property life-cycle. This includes property acquisition, tenant relations, rent payments and processing, maintenance requests, and property sales.
The Company will integrate this fully electronic and paperless system into its business operations and believes the new software enhancement will streamline its property management processes, allowing for greater efficiency and increased production to support the Company's continued growth. Through the first half of 2016, the Company grew rental revenues by over 70%, largely due to acquisitions of single-family homes and a high rental occupancy rate.
James Stevens, the newly appointed President & CEO of American Housing Income Trust, stated, "Converting our operations to a fully electronic system is an important step in supporting our growth plans. We expect that this digital changeover will ultimately lower the Company's ratio of expenses. We continue to progress towards achieving REIT status and returning a dividend to our shareholders, and the implementation of AHIT Advantage will allow us to cost-effectively manage a greater number of properties. AHIT prides itself on being a low-cost, focused property manager, and has maintained a cost advantage over many competitors based in the Southwestern region of the United States. We believe this transition will serve to strengthen our cost advantage."
For additional information on AHIT Advantage, click the following link:
Recent Direct Public Offering Announcement
The Company recently launched a $3.0 million direct public offering as a result of its recent post-effective amendment to its registration statement. Proceeds of the offering, which is being priced at $1.00 per share, are intended to expand the Company's single-family residence portfolio.
Information about the Offering
Please email AHIT at email@example.com or call the Company at (623) 551-5808 if you have any questions. You may also obtain a written prospectus for the offering by contacting the Company at the foregoing email address and phone number or by writing to the Company at American Housing Income Trust, Inc., ATTN: Investor Relations, 34225 N. 27th Dr Bldg 5 Ste 238, Phoenix, AZ 85085. You may also find more information regarding the offering at http://ahitrust.com/Public-Offering.asp.
About American Housing Income Trust, Inc.
American Housing Income Trust Inc., is incorporated in the State of Maryland owns and operates single family rentals in Arizona, Nevada and Texas and has plans to scale its operations nationally. American Housing Income Trust Inc. is a publicly traded company on OTC Markets Group Inc. OTCQB listing venue as a compliant, fully reporting entity with the United States Securities and Exchange Commission. The Company's focus is on employing a disciplined acquisition strategy, operational efficiencies, as well as maintaining a full understanding of local, regional, and national housing fundamentals. As part of its marketing strategy, it promotes the benefits of single-family rental living compared to apartment dwelling. The company intends to qualify as a REIT for federal income tax purposes and would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. American Housing Income Trust Inc. has incorporated the assets of its subsidiaries that launched their initial business plan to acquire portfolios of SFR's in 2010 and is headquartered in Phoenix, Arizona through its wholly-owned subsidiary, American Realty Partners, LLC. For information on American Housing Income Trust, visit www.ahitrust.com.
Forward Looking Statement
This press release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events and similar expressions. Forward-looking statements may be identified by use of words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," or "potential" or similar words or phrases which are predictions of or indicate future events or trends. Statements such as those concerning potential acquisition activity, investment objectives, strategies, opportunities, other plans and objectives for future operations or economic performance are based on the Company's current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Any of these statements could prove to be inaccurate and actual events or investments and results of operations could differ materially from those expressed or implied, including the ability of the Company to qualify and operate as a REIT. To the extent that the Company's assumptions differ from actual results, the Company's ability to meet such forward-looking statements, including its ability to invest in a diversified portfolio of quality real estate investments and to qualify and operate as a REIT, may be significantly and negatively impacted. You are cautioned not to place undue reliance on any forward-looking statements and the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, future events or other changes. Please refer to Company's filings with the Securities and Exchange Commission for further information.
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SOURCE American Housing Income Trust, Inc.