CALABASAS, Calif., Aug. 18, 2021 /PRNewswire/ -- American Homes 4
Rent (NYSE: AMH) today issued the following statement regarding the
passing of the Company's founder and former Chairman of the Board
of Trustees, B. Wayne Hughes:
The entire American Homes 4 Rent community extends our deepest
condolences to Wayne's family and loved ones. Wayne's
accomplishments made him an iconic and visionary leader in the real
estate industry. Over his long and successful career, Wayne created
several groundbreaking ventures, including pioneering two important
and thriving real estate sectors – self-storage with the founding
of Public Storage (NYSE: PSA), the largest self-storage company in
the world, and single-family rental (SFR) homes. He and his family
also founded American Commercial Equities, a real estate management
company with retail and office properties across California and Hawaii.
American Homes 4 Rent was founded in 2011 through Wayne's vision
of offering families across the United
States more desirable and affordable housing choices. That
vision revolutionized the homebuilding industry and his legacy now
extends far beyond our company, as evidenced by the ever-growing
multibillion-dollar SFR industry.
While Wayne distinguished himself over the course of 60 years as
a real estate legend, he will also be remembered by those who knew
him as a beloved family man and generous philanthropist. Wayne
never overlooked the importance of his family, colleagues and
community.
He earned a B.A. in Business from the University of Southern California and was a devoted
Trojan throughout his life. He served on the university's Board of
Trustees and received an honorary Doctor of Business Administration
degree in 2014. While his charitable contributions to the
university remain private, the Los Angeles
Times reported in 2019 that "it is a staggering generosity
that has not previously been reported and ranks him among the most
significant backers of higher education in the West."
Wayne was an outstanding leader who had a relentless drive to
better the world through philanthropy, giving his time and
financial resources to cancer research with a focus on eradicating
pediatric cancer through the establishment of the William Lawrence
and Blanche Hughes Foundation.
On a personal level, Wayne's passion was thoroughbred racing.
His beloved Spendthrift Farm, a Kentucky-based thoroughbred stallion farm, is
home to many champion horses including the 2020 Kentucky Derby
winner Authentic.
Today, American Homes 4 Rent is defined by the vision that Wayne
established. Across the organization, his spirit will continue to
shape the way we operate and succeed in the years ahead.
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 tenant 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 June 30,
2021, we owned 54,785 single-family properties in selected
submarkets in 22 states.
Additional information about American Homes 4 Rent is available
on our website at http://www.ah4r.com.
Contact:
American Homes 4 Rent
Media Relations
Megan Grabos
Phone: (805) 413-5088
Email: media@ah4r.com
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SOURCE American Homes 4 Rent