American Homes 4 Rent Announces Retirement of Industry Veteran and Chief Investment Officer Jack Corrigan

Rhea-AI Summary

American Homes 4 Rent (NYSE: AMH) announced the retirement of Jack Corrigan as Chief Investment Officer, effective May 31, 2022. Corrigan, an original team member, will assist in the transition and remain on the Board of Trustees. His leadership was pivotal in the company's growth and strategic acquisitions, helping to establish AMH as a top builder in the single-family rental industry. As of December 31, 2021, AMH owned 57,024 properties across 22 states, focusing on high-quality rental homes.

Positive

• Jack Corrigan played a significant role in AMH's strategic growth and acquisition strategies.
• The company owns 57,024 properties as of December 31, 2021, demonstrating its market presence.

Negative

• None.

Mr. Corrigan will maintain his role on the Company's Board of Trustees

CALABASAS, Calif., May 4, 2022 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) ("American Homes 4 Rent" or the "Company"), a leading provider of high-quality single-family homes for rent, today announced that Jack Corrigan will be retiring from his role as Chief Investment Officer effective May 31, 2022, and will continue to assist in the transition of his role over the balance of the year. Mr. Corrigan will also continue to serve on the Company's Board of Trustees.

"Jack was one of the original members of the American Homes 4 Rent team and had the foresight in the early days of the single-family rental industry to create a nimble, strategic approach to home acquisitions that helped lay the foundation for our growth," said David Singelyn, Chief Executive Officer of American Homes 4 Rent. "Thanks to Jack and his team, who drove the expansion of our acquisitions to include land for the development of new home communities, today we are one of the nation's top builders."

From 2012 to 2019, Mr. Corrigan served in a dual role of Chief Operating Officer and Chief Investment Officer of American Homes 4 Rent. Previously, he was Chief Operating Officer of American Homes 4 Rent Advisor, LLC, the Company's former manager, from 2011 to 2013.

"During his tenure with the Company, Jack always championed our team, engaging, inspiring and guiding many of our current leaders into the thriving careers they have today," added Mr. Singelyn. "As he steps away from our day-to-day business, we wish him nothing but the best and thank him for his vision, expertise and optimism in helping to build American Homes 4 Rent into the leader it is today. We look forward to his continuing contributions as a Trustee."

"I feel proud to be a part of the team that we've created at American Homes 4 Rent and am confident that I'm leaving the operation in good hands," said Mr. Corrigan. "Early on, we contributed to the rehabilitation of many neighborhoods during the Great Recession, creating thousands of jobs in the process. Today, we're doing our small part to alleviate the housing shortage through the development of our new home communities. I'm grateful to all the current and former team members who collectively made all of these accomplishments possible."

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 December 31, 2021, we owned 57,024 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.

Contacts:

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

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

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SOURCE American Homes 4 Rent

FAQ

What is the effective retirement date of Jack Corrigan from American Homes 4 Rent?

Jack Corrigan's retirement from American Homes 4 Rent is effective May 31, 2022.

Who will continue to serve on the Board of Trustees after the retirement of Jack Corrigan?

Jack Corrigan will continue to serve on the Board of Trustees after his retirement.

How many properties does American Homes 4 Rent own as of December 31, 2021?

As of December 31, 2021, American Homes 4 Rent owns 57,024 single-family properties.

What position did Jack Corrigan hold at American Homes 4 Rent before his retirement?

Before his retirement, Jack Corrigan served as Chief Investment Officer at American Homes 4 Rent.