American Homes 4 Rent Announces Agreement with the Alaska Permanent Fund Corporation

   American Homes 4 Rent Announces Agreement with the Alaska Permanent Fund

PR Newswire

AGOURA HILLS, Calif., June 18, 2014

AGOURA HILLS, Calif., June 18, 2014 /PRNewswire/ -- American Homes 4 Rent
(NYSE: AMH), a leading provider of high quality single-family homes, announced
today that its operating partnership and Alaska Permanent Fund Corporation
("APFC") entered into a limited liability company agreement for the formation
of American Homes 4 Rent II, LLC (the "joint venture"). The purpose of the
joint venture is to acquire, renovate, and lease residential properties in
accordance with specified property parameters outside the Company's ordinary
parameters for its acquisition of homes.

Under the agreement, APFC has an 80% capital interest in the joint venture and
our operating partnership has a 20% capital interest, as well as a promoted
interest in the joint venture. APFC and our operating partnership are making
initial capital contributions to the joint venture aggregating $50 million in
proportion to their capital interests, which may be subsequently increased if
approved by the joint venture's executive committee (comprised of
representatives of our operating partnership and APFC).

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 acquire homes at the specified property parameters and whether the
Company can successfully operate and manage the joint venture. 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. Additional information about
these and other important factors that may cause our actual results to differ
materially from anticipated results expressed or implied by these
forward-looking statements is available in the Company's Annual Report on Form
10-K for the year ended December 31, 2013, filed with the Securities and
Exchange Commission. Investors should not place undue reliance on these
forward-looking statements. The Company undertakes no obligation to update any
forward-looking statement to conform to actual results or changes in
expectations, except as required by applicable law.

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 March 31, 2014, we owned
25,505 single-family properties in selected submarkets in 22 states.

Additional information about American Homes 4 Rent is available on our


American Homes 4 Rent
Investor Relations
Phone: (855) 794-2447

SOURCE American Homes 4 Rent

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