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American Homes 4 Rent to Sell Shares in Public Offering

American Homes 4 Rent, the housing landlord headed by Public Storage founder B. Wayne Hughes, said it plans to sell shares to the public for the first time.

The company will submit a registration statement with the U.S. Securities and Exchange Commission within 60 days, it said today in a statement. Proceeds will be used to acquire and renovate homes. The Malibu, California-based firm didn’t say how much it plans to raise in the initial public offering.