67°

Topics

Blackstone Group, L.P.
American Homes 4 Rent buys Beazer in home-rental consolidation
American Homes 4 Rent buys Beazer in home-rental consolidation

In another sign of consolidation in the single-family rental industry, Agoura Hills-based American Homes 4 Rent said Tuesday that it's buying smaller Beazer Pre-Owned Rental Homes Inc. The deal, which is worth about $263 million in stock, cash and debt, will add roughly 1,300 houses to American Homes 4 Rent's portfolio of more than 25,000 in 22 states. It includes some houses in Riverside and San Bernardino counties; despite being based in Southern California, American Homes 4 Rent did not own houses here prior to the deal, focusing on less expensive markets. American Homes 4 Rent is one of the biggest players in the burgeoning industry of renting single-family homes en masse. A...

Loading