American Homes 4 Rent
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
The following table summarizes certain key single-family properties metrics as of December 31, 2023:
| Market | Number of Single-Family Properties (1) | % of Total Single-Family Properties | Gross Book Value (millions) | % of Gross Book Value Total | Avg. Gross Book Value per Property | Avg.Sq. Ft. | Avg. Property Age (years) | Avg. YearPurchased or Delivered |
|---|---|---|---|---|---|---|---|---|
| Atlanta, GA | 5,853 | 10.0% | $1,311.0 | 10.2% | $223,985 | 2,174 | 17.3 | 2016 |
| Dallas-Fort Worth, TX | 4,055 | 6.9% | 711.5 | 5.5% | 175,469 | 2,095 | 19.5 | 2014 |
| Charlotte, NC | 4,089 | 7.0% | 899.9 | 7.0% | 220,086 | 2,110 | 17.7 | 2015 |
| Phoenix, AZ | 3,364 | 5.8% | 718.5 | 5.6% | 213,588 | 1,841 | 19.2 | 2016 |
| Nashville, TN | 3,319 | 5.7% | 823.0 | 6.4% | 247,960 | 2,117 | 16.1 | 2016 |
| Jacksonville, FL | 3,101 | 5.3% | 676.1 | 5.2% | 218,020 | 1,928 | 14.4 | 2016 |
| Indianapolis, IN | 2,848 | 4.9% | 495.1 | 3.8% | 173,841 | 1,927 | 20.9 | 2014 |
| Tampa, FL | 2,901 | 5.0% | 673.6 | 5.2% | 232,187 | 1,948 | 15.2 | 2016 |
| Houston, TX | 2,402 | 4.1% | 427.5 | 3.3% | 177,995 | 2,082 | 18.1 | 2014 |
| Raleigh, NC | 2,179 | 3.7% | 434.3 | 3.4% | 199,320 | 1,889 | 17.7 | 2015 |
| Cincinnati, OH | 2,127 | 3.6% | 418.9 | 3.3% | 196,952 | 1,842 | 21.0 | 2014 |
| Columbus, OH | 2,154 | 3.7% | 421.5 | 3.3% | 195,675 | 1,880 | 21.0 | 2015 |
| Las Vegas, NV | 2,169 | 3.7% | 618.8 | 4.8% | 285,270 | 1,937 | 11.7 | 2017 |
| Salt Lake City, UT | 1,901 | 3.3% | 579.1 | 4.5% | 304,605 | 2,245 | 17.2 | 2016 |
| Orlando, FL | 1,999 | 3.4% | 437.6 | 3.4% | 218,923 | 1,911 | 18.3 | 2016 |
| Greater Chicago area, IL and IN | 1,541 | 2.6% | 294.5 | 2.3% | 191,105 | 1,865 | 22.3 | 2013 |
| Charleston, SC | 1,535 | 2.6% | 352.2 | 2.7% | 229,471 | 1,962 | 13.0 | 2017 |
| San Antonio, TX | 1,263 | 2.2% | 249.2 | 1.9% | 197,277 | 1,919 | 14.9 | 2015 |
| Seattle, WA | 1,161 | 2.0% | 383.8 | 3.0% | 330,534 | 2,006 | 13.6 | 2017 |
| Savannah/Hilton Head, SC | 1,051 | 1.8% | 222.0 | 1.7% | 211,204 | 1,887 | 15.2 | 2016 |
| All Other (2) | 7,458 | 12.7% | 1,737.6 | 13.5% | 232,983 | 1,912 | 17.8 | 2015 |
| Total/Average | 58,470 | 100.0% | $12,885.7 | 100.0% | $220,381 | 1,992 | 17.5 | 2015 |
(2)Represents 15 markets in 13 states.
For details on material encumbrances on our properties, see “Schedule III—Real Estate and Accumulated Depreciation” included in Part IV, “Item 15. Exhibit and Financial Statement Schedules” of this Annual Report on Form 10-K.
Property and Management
We own commercial real estate in Las Vegas, Nevada, which serves as our principal executive offices. We also lease commercial office space in Calabasas, California, where certain corporate functions are located, as well as an additional 26 locations in 16 states for other operational and development personnel.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.