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American Homes 4 Rent Announces B. Wayne Hughes' Retirement from the Board

AGOURA HILLS, Calif., May 3, 2019 /PRNewswire/ -- American Homes 4 Rent (AMH), a leading provider of high-quality single-family homes for rent, today announced that B. Wayne Hughes, a founder and Chairman of the Board of Trustees, will retire effective May 9, 2019, immediately following the 2019 Annual Meeting.

American Homes 4 Rent is a leader in the single-family home rental industry and

Mr. Hughes, age 85, has served as Chairman of the Board of American Homes 4 Rent since its inception in October 2012. During his years of service on the Board, American Homes 4 Rent developed into an owner and operator of nearly 53,000 single-family rental homes providing quality housing to 200,000 residents with more than $1 billion in annual revenue.

Mr. Hughes has a long and distinguished real estate career. In 1972, he founded Public Storage, one of the nation's largest real estate investment trusts, where he served as a trustee from 1980 to 2012 and retired as Chief Executive Officer in 2002. He also founded American Commercial Equities, a real estate management company with retail and office properties across California and Hawaii. He earned a B.A. in Business from the University of Southern California.

"Wayne Hughes is a legend in the real estate industry. His vision and leadership were instrumental in making American Homes 4 Rent a leader in the single-family rental industry," said David Singelyn, American Homes 4 Rent's Chief Executive Officer. "Wayne's vision and counsel will be missed, but I am grateful for his guidance and support during our formative years.  We wish Wayne the best of luck and continued success in the future."

About American Homes 4 Rent

American Homes 4 Rent (AMH) 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, 2019, we owned 52,923 single-family properties in selected submarkets in 22 states.

Additional information about American Homes 4 Rent is available on our website at http://www.americanhomes4rent.com.

Contact:
American Homes 4 Rent
Investor Relations
Phone: (855) 794-2447
Email: investors@ah4r.com 

 

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