JP Morgan Asset Management and American Homes 4 Rent Forms Single Family Home Venture

Posted on 02/05/2020

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JP Morgan Asset Management inked a deal with Agoura Hills, California-based American Homes 4 Rent, a real estate investment trust (REIT). The joint venture will invest in single-family homes in the United States.

JP Morgan Asset Management is making the investment through its Strategic Property Fund, an open-ended core U.S. real estate vehicle that touts pensions as fund investors.

American Homes 4 Rent generated US$ 188,938,000 in rents from single family homes in the third quarter of 2019 versus US$ 182,528,000 in the third quarter of 2018.