AGOURA HILLS, Calif., Aug. 28, 2017 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH), a leading provider of high quality single-family rental homes ("the Company"), provided an update to the storm related damage and flooding in the aftermath of Hurricane Harvey.
"As storms continue in Houston and other areas in southern Texas, the primary concern of American Homes 4 Rent is the safety and welfare of our residents and employees," stated David Singelyn, American Homes 4 Rent's Chief Executive Officer. "Our response teams are currently assessing the extent of damage but are hindered by continuing storms and difficulty getting into the affected areas. Our assessment will be ongoing for several days."
The Company owns approximately 3,200 houses in the Houston market area. The Company's property and casualty insurance policies cover flood damage and business interruption costs, subject to deductibles and limits.
About American Homes 4 Rent
American Homes 4 Rent is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties. As of June 30, 2017, we owned 48,982 single-family properties in selected submarkets in 22 states.