Sep
15
American Homes 4 Rent Completing $477 Securitization
ByWith 2,000 attendees and an outstanding speaker lineup, you can’t afford to miss RealShare APARTMENTS in Los Angeles on October 21-22.
AGOURA HILLS, CA—American Homes 4 Rent says that it has priced its fifth securitization transaction worth more than $477 million. The transaction involves the issuance and sale to third parties of single-family rental pass-through certificates that represent beneficial ownership interests in a loan secured by 4,125 single-family residential properties transferred to an affiliate from the company’s portfolio of single-family properties.
The company anticipates gross proceeds from the sale of its certificates of approximately $477.7 million. The certificates will be issued for a thirty-year term with an anticipated repayment date ten years after the closing date. The duration-adjusted weighted average coupon rate for the certificates for the first ten years is 4.361%…
The company anticipates gross proceeds from the sale of its certificates of approximately $477.7 million. The certificates will be issued for a thirty-year term with an anticipated repayment date ten years after the closing date. The duration-adjusted weighted average coupon rate for the certificates for the first ten years is 4.361%…
