American Homes 4 Rent Announces Investment in Vesta Ventures Fund 1

Rhea-AI Summary

American Homes 4 Rent (NYSE: AMH) announced an investment in Vesta Ventures Fund 1, LP, a proptech venture capital fund focused on residential real estate. This partnership aims to enhance access to innovative technologies improving resident experience and operational efficiency. Vesta Ventures has a strong track record in supporting early-stage companies, contributing to sustainability and ESG principles. As of September 30, 2021, American Homes 4 Rent owned 56,077 single-family properties across 22 states, indicating a robust presence in the rental market.

Positive

• Strategic investment in Vesta Ventures enhances access to cutting-edge technologies.
• Partnership aligns with sustainability and ESG objectives.

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• None.

CALABASAS, Calif., Feb. 24, 2022 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) ("American Homes 4 Rent") today announced it has made an investment in Vesta Ventures Fund 1, LP, a residential-focused proptech venture capital fund.

Vesta Ventures focuses its investments on early-stage businesses at the intersection of residential real estate and technology, with a proven track record of supporting some of the most promising companies in the sector. Vesta Ventures takes a holistic approach to supporting emerging businesses that goes beyond just capital commitments. It leverages its deep expertise and extensive industry network to open new channels of growth for businesses and to foster further innovation. The firm has recently participated in Series A funding for companies such as Elevation Energy Solar Solutions, a residential clean energy company, and PetScreening, a pet risk assessment and assistance animal validation platform for property managers.

"We are excited to partner with Vesta and expand our focus on residential proptech," said David Singelyn, Chief Executive Officer and Co-Founder of American Homes 4 Rent. "In keeping with our commitment to innovation, this investment provides us with access to the newest, cutting-edge technologies that focus on the resident experience and achieving operational efficiencies for our organization. This investment also aligns with our sustainability and ESG principles, as Vesta prioritizes technologies that promote quality, sustainable housing for a greener future."

"American Homes 4 Rent is on the forefront of innovation in the residential space, and we are thrilled to partner with them to accelerate growth in the proptech arena," said Rich Ford, Co-Founder of Vesta Ventures. "Our portfolio of companies includes some of the most exciting businesses in the proptech space that provide tangible ESG benefits to residential owners. We are leveraging our expertise and extensive network to help our partner companies unlock their true potential to define the next era of our industry."

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is a nationally recognized brand for rental homes, known for high-quality, good value and resident satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2021, we owned 56,077 single-family properties in selected submarkets in 22 states.

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

About Vesta Ventures

Founded in early 2021 by industry veterans Rich Ford and Clayton Wyatt, Vesta Ventures is a technology-focused residential platform investing in highly innovative growth opportunities. Vesta's inaugural venture capital fund is backed by the industry leading single-family residential rental market influencers and leverages its strategic advantage to accelerate enterprise value for its portfolio companies and limited partners.

Visit www.vestavc.com for more information.

Contacts:

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

American Homes 4 Rent
Media Relations
Megan Grabos
Phone: (805) 413-5088
Email: media@ah4r.com

Vesta Ventures
info@vestacvc.com

 

View original content:https://www.prnewswire.com/news-releases/american-homes-4-rent-announces-investment-in-vesta-ventures-fund-1-301489302.html

SOURCE American Homes 4 Rent

FAQ

What recent investment did American Homes 4 Rent announce?

American Homes 4 Rent announced an investment in Vesta Ventures Fund 1, LP.

How many properties does American Homes 4 Rent own?

As of September 30, 2021, American Homes 4 Rent owned 56,077 single-family properties.

What is the focus of Vesta Ventures Fund 1?

Vesta Ventures Fund 1 focuses on early-stage proptech businesses in the residential real estate sector.

What are the benefits of American Homes 4 Rent's investment in Vesta Ventures?

The investment provides access to innovative technologies that improve resident experiences and operational efficiencies.

When was the investment in Vesta Ventures announced?

The investment was announced on February 24, 2022.