American Homes 4 Rent’s major source of growth will be taking over smaller competitors’ houses as the companies leave the market, chief executive officer David Singelyn said.
Already the second-biggest U.S. single-family landlord, the company bought Beazer Pre-Owned Rental Homes Inc. for about $263 million in debt and stock. The purchase, announced earlier this month, included more than 1,300 houses and was the landlord’s largest bulk acquisition so far.
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