Goldman Sachs Said to Lead American Homes 4 Rent Bond Deal
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American Homes 4 Rent, the second-largest single-family landlord in the U.S., has selected Goldman Sachs Group Inc. to arrange a bond backed by rental home payments, less than three months after Blackstone Group LP completed the first sale of its type.
The company, founded by B. Wayne Hughes, could sell as much as $500 million of the debt, according to two people with knowledge of the offering, who asked not to be identified as terms aren’t set. American Homes 4 Rent has spent $3.5 billion to acquire more than 21,000 rental houses across the U.S., making it the biggest landlord after Blackstone.