Hogan Lovells proudly announces that it has advised American Homes 4 Rent (NYSE: AMH), a leading provider of high quality single-family homes, in its acquisition of Beazer Pre-Owned Rental Homes, Inc., a private REIT originally formed by Beazer Homes USA, Inc. (NYSE: BZH). The acquisition adds more than 1,300 homes located in markets in Arizona, California, Florida, and Nevada to American Homes 4 Rent’s portfolio.

The acquisition was completed through a tax-free merger of Beazer Rental Homes with a newly formed merger subsidiary of the Company. The merger consideration consisted of approximately 8.2 million AMH common shares (subject to adjustment based on reconciliation of the closing working capital acquired) plus up to US$5 million cash held in an indemnification escrow. In addition, following the acquisition, the Company assumed and repaid certain liabilities of Beazer Rental Homes, including approximately US$112.8 million outstanding under Beazer Rental Homes' credit agreement.

Washington, D.C. Corporate partner James Showen, Los Angeles Corporate partner Barry Dastin, Washington, D.C. Tax partner Cam Cosby, Los Angeles Corporate associates Justin Johnson and Lorig Kalaydjian, and Washington, D.C. Tax associate Nicole Brown handled the transaction. Baltimore Corporate partner Henry Kahn, Washington, D.C. Employee Benefits and Executive Compensation partner Margaret de Lisser, Northern Virginia Intellectual Property partner Tim Lyden, Los Angeles Finance senior attorney Paul Barkes, Washington, D.C. Employee Benefits and Executive Compensation associate Margaret McIntyre, and Washington D.C. Corporate associate Brandon Egren also provided assistance on the deal.