Colony American Homes Announces Pricing of $558.5 Million Securitization Transaction

Business Wire


Colony American Homes (the “Company”) announced today that it has priced its second securitization transaction. The transaction involves the issuance and sale of single-family rental pass-through certificates that represent beneficial ownership interests in a loan secured by 3,727 homes that will be sold to an affiliate of the Company at closing. The Company anticipates gross proceeds of approximately $558.5 million from the offering, with a duration-weighted blended interest rate of LIBOR plus 164 basis points. The transaction is intended to close on or about June 30, 2014.

The certificates will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The certificates will be offered and sold in the United States in accordance with Rule 144A under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there by any sale of the certificates in any jurisdiction in which such offer, solicitation or sale would be unlawful under the laws of such jurisdiction.

About Colony American Homes

Colony American Homes ( is a market leader in the acquisition, ownership, renovation, leasing and management of single-family residential homes in the United States. CAH owns and manages over 16,000 homes for rent in Arizona, California, Colorado, Florida, Georgia, Nevada, North Carolina, and Texas. CAH was formed in 2012 by Colony Capital, a leading global real estate investment firm that has approximately $25 billion of assets under management and has acquired approximately $54 billion of real estate since its founding in 1991.

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