American Homes 4 Rent Announces Second Non-Performing Loan Fund to Acquire Mortgage Assets

  American Homes 4 Rent Announces Second Non-Performing Loan Fund to Acquire
                               Mortgage Assets

PR Newswire

AGOURA HILLS, Calif., July 9, 2014

AGOURA HILLS, Calif., July 9, 2014 /PRNewswire/ --American Homes 4 Rent
(NYSE: AMH) (the "Company") today announced the formation of Residential
Credit Opportunities, LLC ("RCO"), its second non-performing loan ("NPL") fund
being managed by its joint venture, AMIP Management, LLC ("AMIP"). RCO is
jointly funded by the Company, JCRI and certain funds and accounts managed by
Beach Point Capital Management ("Beach Point") as a complementary NPL fund to
the Company's first fund, American Mortgage Investment Partners Fund I, LLC.
Jefferies, LLC and Watermen Capital facilitated the equity investment on
behalf of Beach Point and AMIP.

AMIP is a joint venture established by the Company and Johnson Capital
Residential Investments, LP ("JCRI"), an investment entity formed and
capitalized by a group of mortgage servicing and real estate finance
professionals. AMIP was formed to manage multiple investment funds focused on
the acquisition and resolution of distressed residential mortgage assets in
the United States.

"We are pleased to announce our continued growth in the NPL space and the
establishment of Residential Credit Opportunities, LLC. We believe that RCO
will allow us to acquire more loans at competitive prices. We expect that the
combination of complementary NPL funds, focused on the future acquisition and
resolution of residential mortgages, will help facilitate our continued
growth," said Jack Corrigan, the Company's Chief Operating Officer.

Guy Johnson, JCRI Chairman and founder of Johnson Capital, one of the nation's
leading real estate financing and advisory firms, remarked, "We are excited to
partner with American Homes 4 Rent and Beach Point, both leaders in their
respected industries, American Homes 4 Rent as a leader among single family
REITs in the United States and Beach Point as a leader in the credit
opportunities markets."

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

About Beach Point Capital Management

Beach Point Capital Management is a multi-billion dollar investment manager
specializing in credit-related investments. The firm employs a flexible,
value-oriented, and risk-controlled approach, focusing on complex and
misunderstood opportunities. Beach Point has offices in Los Angeles, New York
and London.

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 NPLs at competitive prices that meet its underwriting and
other criteria, whether the NPL funds will continue to grow and facilitate the
Company's growth and whether the joint venture will operate successfully. 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.


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

SOURCE American Homes 4 Rent

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