American Homes 4 Rent Announces Public Offering of 5% Series B Participating Preferred Shares

 American Homes 4 Rent Announces Public Offering of 5% Series B Participating
                               Preferred Shares

PR Newswire

AGOURA HILLS, Calif., Dec. 11, 2013

AGOURA HILLS, Calif., Dec. 11, 2013 /PRNewswire/ --American Homes 4 Rent
(NYSE: AMH) (the "Company") today announced that the Company has commenced an
underwritten public offering of its 5% Series B Participating Preferred
Shares. Investors in the Series B Participating Preferred Shares may also
potentially benefit from home price appreciation in the Company's top 20
markets by participating in home price gains as determined by the Federal
Housing Finance Agency's House Price Index, subject to certain limitations and
payable upon certain defined realization events in each case described in the
prospectus for the securities.^[1] In addition, the Company will grant the
underwriters a 30-day option to purchase up to an additional 15% of the Series
B Participating Preferred Shares. The Company intends to apply to list the
Series B Participating Preferred Shares on the New York Stock Exchange under
the symbol "AMHPRB."

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

Raymond James, Jefferies and Citigroup are the joint book-running managers for
the offering. Hogan Lovells US LLP is serving as legal counsel for the
Company. Latham & Watkins LLP is serving as legal counsel to the
underwriters.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission 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 is being 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 Raymond James & Associates, Inc., 880 Carillon
Parkway, St. Petersburg, Florida 33716, or by calling toll-free at 1-800-
248-8863, or by emailing prospectus@raymondjames.com; from Jefferies LLC,
Attention: Debt Syndicate Prospectus Department, 520 Madison Avenue, 12th
floor, New York, NY 10022, or by calling toll-free at 1-877-547-6340 or by
emailing Prospectus_Department@Jefferies.com; or from Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, by email at batprospectusdept@citi.com, or by calling toll-free at
1-800-831-9146.

^[1] Top 20 markets used to determine percentage weightings have been
determined by current AMH holdings as of September 30, 2013. The Federal
Housing Finance Agency's Quarterly Purchase-only Home Price Index is a
weighted, repeat-sales index, meaning that it measures average price changes
in repeat sales of the same single-family properties, and is obtained by
reviewing repeat transactions involving conforming, conventional mortgages
purchased or securitized by Fannie Mae or Freddie Mac since January 1975.

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,""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, the Company's
ability to complete the offering and the 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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