AH4R elbows into competition for most-distressed assets

By Matthew Scully
11 Jul 2014

American Homes 4 Rent, which this month jump-started talk of consolidation among smaller North American investor-landlords, is entering a broader competitive market to acquire an even more distressed kind of residential asset than it originally sought.

The Agoura Hills property giant is launching a second joint venture called Residential Credit Opportunities to source non-performing residential loans with partners Johnson Capital Residential and Beach Point Capital Management, executives announced this week.

“We expect that the combination of complementary NPL funds, focused on the future ...

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