American Homes 4 Rent CFO resigns
Nelson headed successful IPO
The Chief Financial Officer for American Homes 4 Rent (AMH), Peter Nelson, will resign his position to pursue other career interests.
Nelson joined the company as Chief Financial Officer in 2012 and will remain with the company into the second quarter to complete the company's year-end financial reporting and to provide for an orderly transition.
"Pete was instrumental to the success of the company's initial public offering last year, other capital-raising activities and building the financial infrastructure of the company," aid David Singelyn, American Homes 4 Rent Chief Executive Officer. "The experienced financial team he established will help ensure a seamless transition. On behalf of American Homes 4 Rent, I wish him the best for the future."
American Homes 4 Rent is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. As of September 30, 2013, the company owned 21,267 single-family properties in selected submarkets in 22 states.
"I very much appreciated the opportunity to serve as Chief Financial Officer of American Homes 4 Rent during this exciting time," said Nelson. "I look forward to watching the company continue to grow and thrive with the foundation and management team we have in place."