American Homes 4 Rent CFO Resigns
AGOURA HILLS, Calif., Feb. 19, 2014
AGOURA HILLS, Calif., Feb. 19, 2014 /PRNewswire/ -- American Homes 4 Rent
(NYSE: AMH) today announced that Peter J. Nelson, Chief Financial Officer,
will resign his position, following a transition period, to pursue other
career interests. Mr. Nelson joined the company as Chief Financial Officer in
The company has begun the process of identifying Mr. Nelson's successor. Mr.
Nelson is expected to remain with the company into the second quarter to
complete the company's year-end financial reporting and to provide for an
orderly transition for his replacement.
"I would like to thank Pete for his contributions to American Homes 4 Rent,"
said David P. Singelyn, Chief Executive Officer. "Pete was instrumental to the
success of the company's initial public offering last year, other
capital-raising activities and building the financial infrastructure of the
company. The experienced financial team he established will help ensure a
seamless transition. On behalf of American Homes 4 Rent, I wish him the best
for the future."
"I very much appreciated the opportunity to serve as Chief Financial Officer
of American Homes 4 Rent during this exciting time," said Mr. Nelson. "I look
forward to watching the company continue to grow and thrive with the
foundation and management team we have in place."
About American Homes 4 Rent
American Homes 4 Rent is an internally managed Maryland real estate investment
trust, or REIT, focused on acquiring, renovating, leasing, and operating
single-family homes as rental properties. As of September 30, 2013, we owned
21,267 single-family properties in selected submarkets in 22 states. We are 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. Our common stock is a component
of the Russell 1000 and Russell 3000 Indexes.
Additional information about American Homes 4 Rent is available on our website
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
include the company's expectations with respect to the timing of locating a
successor for Mr. Nelson. These forward-looking statements involve significant
risks and uncertainties, most of which are difficult to predict and many of
which are beyond the company's control, which could cause actual results to
differ materially from expected results. For more information about potential
factors that could affect the company's business, as well as risks relating to
the company's business in general, see the company's prospectus dated December
20, 2013, included in Amendment No. 2 to our Registration Statement on Form
S-11 (File No. 333-192592) filed with the Securities and Exchange Commission
on December 20, 2013.
The Company has based these forward-looking statements on its current
expectations and assumptions about future events. Investors should not place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. The company undertakes no obligation to update
any forward-looking statements to conform to actual results or changes in its
expectations, unless required by law.
Contact: David P. Singelyn
American Homes 4 Rent
Tel: (855) 794-2447
SOURCE American Homes 4 Rent
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