PHOENIX, Oct. 14, 2015 /PRNewswire/ -- American Housing Income Trust, Inc®. ("AHIT" or the "Company") (OTCBB: AHIT) announced that it will be featured on Designing Spaces®, a half-hour-long national home improvement show on Lifetime® Television. The program plans to integrate American Housing Income Trust, Inc., into a segment entitled: "Home Is Where The Heart Is…Why Renting Is So Attractive". The segment will be filmed in October 2015 and will air nationally beginning in Q1, 2016. The segment will also air an additional 75 times in broadcast syndication across 75 stations around the country.
Jeff Howard, President and Chief Executive Officer of American Housing Income Trust Inc commented, "Home ownership, long considered a pillar of the American Dream, is increasingly elusive for many. With escalating real estate prices and constraints on credit availability, a growing number of individuals and families cannot afford to purchase a decent home convenient to their job or in a desirable school system."
Arizona-based American Housing Income Trust, Inc. fills this vital housing need by buying homes in neighborhoods that have top-rated schools, low crime, and access to amenities and transportation, and restoring these homes to make them highly desirable to its potential residents.
Mr. Zarinegar further stated, "We are very excited that American Housing was selected as the premier housing REIT to be featured on this nationally syndicated program. We look forward to showing viewers how our Company adds value to home renters in America." This national brand reaching out to our company further validates our model of single-family rentals and proof positive we are on the right track within this rapidly growing Single Family Rental (SFR) space.
"With the specter of rising interest rates and tighter mortgage standards, we believe the demand for rental housing will grow – not as a transitional, substandard or second-class option, but as a sought-after alternative to the financial and often inflexible demands of home ownership," adds Sean Zarinegar, AHIT Board of Directors.
"As an emerging asset class in the public markets, this sector is just in its infancy and has vast opportunity to grow," Zarinegar says. "One out of eight single-family homes is a rental property, and that equates to about 14 million homes with a real estate value of approximately $2.7 trillion. According to the U.S. Census Bureau, home ownership has steadily declined from 69 percent in 2005 to around 64 percent currently. Each 1 percent decline in homeownership creates the need for an additional 1 million rental homes."
"The benefits for our shareholders include cash flow and home price appreciation. For our residents, the advantages are access to affordable and attractive housing and improved quality of life. It's a win-win for everyone."
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 it's operations nationally. American housing Income trust is listed on the Over-the-Counter Bulletin Board, or "OTCBB", as a compliant, fully reporting entity with the US 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. AHIT 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. For information on American Housing Income Trust, visit www.ahitrust.
About Designing Spaces on Lifetime Television
Entering its 11th season Designing Spaces® continues to be one of America's favorite home improvement shows. The show inspires viewers on decorating ideas, do-it-yourself projects and step by step home improvements to help make every space count and provide solutions to help you enjoy the space you live, work and play in. Designing Spaces Family of Spaces includes Think Green Spaces, Kids Spaces and its widely popular Spaces of Hope which prides itself on assisting people and places in dire need of a makeover including children's shelters, animal shelters, military families and more. Designing Spaces airs Thursdays and Fridays at 7:00 am (ET/PT) on Lifetime. For information or to view the show, visit www.designingspaces.tv.
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.
CONTACT: Monica Andreas
1-623-551-5808, [email protected]
SOURCE American Housing Income Trust, Inc.