<SEC-DOCUMENT>0001193125-20-224694.txt : 20200819
<SEC-HEADER>0001193125-20-224694.hdr.sgml : 20200819
<ACCEPTANCE-DATETIME>20200819160704
ACCESSION NUMBER:		0001193125-20-224694
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20200817
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200819
DATE AS OF CHANGE:		20200819

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Homes 4 Rent
		CENTRAL INDEX KEY:			0001562401
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				461229660
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36013
		FILM NUMBER:		201117166

	BUSINESS ADDRESS:	
		STREET 1:		30601 WEST AGOURA ROAD
		STREET 2:		SUITE 200
		CITY:			AGOURA HILLS
		STATE:			CA
		ZIP:			91301
		BUSINESS PHONE:		(805) 413-5300

	MAIL ADDRESS:	
		STREET 1:		30601 WEST AGOURA ROAD
		STREET 2:		SUITE 200
		CITY:			AGOURA HILLS
		STATE:			CA
		ZIP:			91301
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d42421d8k.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" ?>
<html xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:us-types="http://fasb.org/us-types/2019-01-31" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:amh="http://www.americanhomes4rent.com/20200817" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:sic="http://xbrl.sec.gov/sic/2011-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31" xmlns="http://www.w3.org/1999/xhtml">
<head>
<title>8-K</title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
   <body>
 <div style="display:none"> <ix:header> <ix:hidden> <ix:nonNumeric name="dei:AmendmentFlag" contextRef="duration_2020-08-17_to_2020-08-17">false</ix:nonNumeric> <ix:nonNumeric id="Hidden_dei_EntityCentralIndexKey" name="dei:EntityCentralIndexKey" contextRef="duration_2020-08-17_to_2020-08-17">0001562401</ix:nonNumeric> </ix:hidden> <ix:references> <link:schemaRef xlink:type="simple" xlink:href="amh-20200817.xsd" xlink:arcrole="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase"></link:schemaRef> </ix:references> <ix:resources> <xbrli:context id="duration_2020-08-17_to_2020-08-17"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001562401</xbrli:identifier> </xbrli:entity> <xbrli:period> <xbrli:startDate>2020-08-17</xbrli:startDate> <xbrli:endDate>2020-08-17</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001562401</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonClassAMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2020-08-17</xbrli:startDate> <xbrli:endDate>2020-08-17</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001562401</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesDPreferredStockMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2020-08-17</xbrli:startDate> <xbrli:endDate>2020-08-17</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001562401</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesEPreferredStockMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2020-08-17</xbrli:startDate> <xbrli:endDate>2020-08-17</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001562401</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesFPreferredStockMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2020-08-17</xbrli:startDate> <xbrli:endDate>2020-08-17</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001562401</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesGPreferredStockMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2020-08-17</xbrli:startDate> <xbrli:endDate>2020-08-17</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001562401</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesHPreferredStockMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2020-08-17</xbrli:startDate> <xbrli:endDate>2020-08-17</xbrli:endDate> </xbrli:period> </xbrli:context> </ix:resources> </ix:header> </div> <div style="text-align:center"> <div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto"> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">UNITED STATES</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">SECURITIES AND EXCHANGE COMMISSION</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Washington, D.C. 20549</p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">FORM <ix:nonNumeric name="dei:DocumentType" contextRef="duration_2020-08-17_to_2020-08-17">8-K</ix:nonNumeric></p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:4pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">CURRENT REPORT</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Pursuant to Section 13 or 15(d)</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">of the Securities Exchange Act of 1934</p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Date of Report (Date of earliest event reported): <ix:nonNumeric name="dei:DocumentPeriodEndDate" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt:datemonthdayyearen">August 17, 2020</ix:nonNumeric></p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:4pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman;font-weight:bold;text-align:center"> <ix:nonNumeric name="dei:EntityRegistrantName" contextRef="duration_2020-08-17_to_2020-08-17">AMERICAN HOMES 4 RENT</ix:nonNumeric> </p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Exact name of registrant as specified in its charter)</p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:8pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"></td>
<td style="vertical-align:bottom"></td>
<td style="width:32%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:32%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityIncorporationStateCountryCode" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt-sec:stateprovnameen">Maryland</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityFileNumber" contextRef="duration_2020-08-17_to_2020-08-17">001-36013</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" contextRef="duration_2020-08-17_to_2020-08-17">46-1229660</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(State or other jurisdiction</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">of incorporation)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Commission</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">File Number)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(IRS Employer</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Identification No.)</p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:50%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:48%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:EntityAddressAddressLine1" contextRef="duration_2020-08-17_to_2020-08-17">30601 Agoura Road</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressAddressLine2" contextRef="duration_2020-08-17_to_2020-08-17">Suite 200</ix:nonNumeric></p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:EntityAddressCityOrTown" contextRef="duration_2020-08-17_to_2020-08-17">Agoura Hills</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressStateOrProvince" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt-sec:stateprovnameen">California</ix:nonNumeric></p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:bottom"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityAddressPostalZipCode" contextRef="duration_2020-08-17_to_2020-08-17">91301</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold">(Address of principal executive offices)</span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold">(Zip Code)</span></td></tr></table> <p style="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">Registrant&#8217;s telephone number, including area code: <ix:nonNumeric name="dei:CityAreaCode" contextRef="duration_2020-08-17_to_2020-08-17">(805)</ix:nonNumeric> <ix:nonNumeric name="dei:LocalPhoneNumber" contextRef="duration_2020-08-17_to_2020-08-17">413-5300</ix:nonNumeric></p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">Not Applicable</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Former name or former address, if changed since last report.)</p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:justify">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:WrittenCommunications" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:SolicitingMaterial" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14a-12)</span></p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:PreCommencementTenderOffer" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p></td></tr></table> <p style="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">Securities registered pursuant to Section 12(b) of the Act:</p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"></td>
<td style="vertical-align:bottom"></td>
<td style="width:32%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:32%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Title of Class</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Trading</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Symbol</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Name of exchange</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">on which registered</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember">Class A common shares of beneficial interest, $.01 par value</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember">AMH</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember">Series D perpetual preferred shares of beneficial interest, $.01 par value</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember">AMH-D</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember">Series E perpetual preferred shares of beneficial interest, $.01 par value</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember">AMH-E</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember">Series F perpetual preferred shares of beneficial interest, $.01 par value</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember">AMH-F</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember">Series G perpetual preferred shares of beneficial interest, $.01 par value</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember">AMH-G</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember">Series H perpetual preferred shares of beneficial interest, $.01 par value</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember">AMH-H</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></td></tr></table> <p style="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:justify">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:right">Emerging growth company&#160;&#160;<ix:nonNumeric name="dei:EntityEmergingGrowthCompany" contextRef="duration_2020-08-17_to_2020-08-17" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:justify">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;&#160;&#9744;</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p></div></div>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%" />


<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">

<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;8.01.</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Other Events. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">On August&#160;17, 2020, American Homes 4 Rent (the &#8220;Company&#8221;) and American Homes 4 Rent, L.P., the Company&#8217;s operating partnership (the &#8220;Operating Partnership&#8221;), entered into an Underwriting Agreement (the &#8220;Underwriting Agreement&#8221;) with BofA Securities, Inc. and Morgan Stanley&#160;&amp; Co. LLC (the &#8220;Underwriters&#8221;), pursuant to which the Company agreed to offer and sell 13,000,000 of its Class&#160;A common shares of beneficial interest, par value $0.01 per share (the &#8220;Class&#160;A common shares&#8221;), to the Underwriters at a price of $27.54 per share. Pursuant to the terms of the Underwriting Agreement, the Company granted the Underwriters a <span style="white-space:nowrap">30-day</span> option to purchase up to an additional 1,950,000 Class&#160;A common shares at a price of $27.54 per share, which the Underwriters exercised on August 18, 2020. The Company estimates that the net proceeds from this offering, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, will be approximately $411.6&#160;million. The offering is expected to close on August&#160;20, 2020, subject to customary closing conditions. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The offering was made pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission on June&#160;17, 2020 (File <span style="white-space:nowrap">No.&#160;333-239227),</span> a base prospectus, dated June&#160;17, 2020, included as part of the registration statement, and a prospectus supplement, dated August&#160;17, 2020, filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The Company intends to use the net proceeds from this offering (i)&#160;to repay indebtedness the Company has incurred or expects to incur under its revolving credit facility, (ii)&#160;to develop new single-family properties and communities, (iii)&#160;to acquire and renovate single-family properties and for related activities in accordance with its business strategy and (iv)&#160;for general corporate purposes. The foregoing application may be effected through the Operating Partnership by the Company contributing a portion of the net proceeds to the Operating Partnership in exchange for Class&#160;A partnership units. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The Company and the Operating Partnership made certain customary representations, warranties and covenants concerning the Company, the Operating Partnership and the registration statement in the Underwriting Agreement and also agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the Underwriters may be required to make in respect of those liabilities. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The Underwriters and their respective affiliates have engaged in, and may in the future engage in, investment banking, commercial banking and other commercial dealings in the ordinary course of business with the Company or its affiliates, for which they have received and may continue to receive customary fees and commissions. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">A copy of the Underwriting Agreement is attached to this report as Exhibit 1.1 and incorporated herein by reference. The summary set forth above is qualified in its entirety by reference to Exhibit 1.1. </p>
</div></div>



<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%" />


<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">

<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;9.01.</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Financial Statements and Exhibits. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">(d) <span style="font-style:italic">Exhibits.</span> </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">


<tr>

<td></td>

<td style="vertical-align:bottom;width:5%"></td>
<td style="width:92%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style="vertical-align:bottom;white-space:nowrap" align="center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Exhibit</p> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:inline-block; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">&#160;&#160;&#160;&#160;No.&#160;&#160;&#160;&#160;</p></td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap" align="center"> <p style=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:inline-block; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Description</p></td></tr>


<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">&#160;&#160;1.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d42421dex11.htm">Underwriting Agreement, dated August&#160;17 2020, by and among the Company, the Operating Partnership and BofA Securities, Inc. and Morgan Stanley&#160;&amp; Co. LLC. </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">&#160;&#160;5.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d42421dex51.htm">Opinion of Hogan Lovells US LLP regarding the legality of the Class&#160;A common shares. </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">23.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d42421dex51.htm">Consent of Hogan Lovells US LLP (included in Exhibit 5.1). </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">104</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top">Cover Page Interactive Data File (embedded within the Inline XBRL documents).</td></tr>
</table>
</div></div>



<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%" />


<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">SIGNATURES </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0">


<tr>

<td style="width:45%"></td>

<td style="vertical-align:bottom;width:1%"></td>
<td style="width:4%"></td>

<td style="vertical-align:bottom"></td>
<td style="width:3%"></td>

<td style="vertical-align:bottom;width:1%"></td>
<td style="width:45%"></td></tr>


<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt;text-align:justify">Date: August&#160;19, 2020</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"><span style="font-weight:bold">AMERICAN HOMES 4 RENT</span></td></tr>
<tr style="font-size:1pt">
<td style="height:12pt"></td>
<td style="height:12pt" colspan="2"></td>
<td style="height:12pt" colspan="2"></td>
<td style="height:12pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt;text-align:justify">By:</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman;text-align:justify">/s/ Sara H. Vogt-Lowell</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt;text-align:justify">Sara H. Vogt-Lowell</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt;text-align:justify">Chief Legal Officer</p></td></tr>
</table>
</div></div>

</body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>d42421dex11.htm
<DESCRIPTION>EX-1.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-1.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 1.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>American Homes 4 Rent </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>13,000,000 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Class&nbsp;A Common Shares of Beneficial Interest </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(par value $0.01 per share) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Underwriting Agreement </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">August&nbsp;17, 2020 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BofA
Securities, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Morgan Stanley&nbsp;&amp; Co. LLC </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">c/o BofA Securities, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">One
Bryant Park </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York, New York 10036 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">c/o Morgan Stanley&nbsp;&amp; Co. LLC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1585 Broadway, 29th&nbsp;Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York, New York 10036 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Ladies
and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">American Homes 4 Rent, a Maryland real estate investment trust (the &#147;Company&#148;), proposes,
subject to the terms and conditions stated herein, to issue and sell to you (the &#147;Underwriters&#148;), an aggregate of 13,000,000 Class&nbsp;A common shares of beneficial interest of the Company, par value $0.01 per share (the
&#147;Class&nbsp;A Shares&#148;) (the &#147;Firm Shares&#148;), and, at the election of the Underwriters, up to 1,950,000 additional Class&nbsp;A Shares (the &#147;Optional Shares&#148;). The Firm Shares and the Optional Shares that the Underwriters
elect to purchase pursuant to Section&nbsp;2 hereof are herein collectively called the &#147;Shares&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Concurrently
with each Time of Delivery (as defined herein), the Company will contribute the net proceeds from the sale of the Shares sold by the Company hereunder to American Homes 4 Rent, L.P., a Delaware limited partnership (the &#147;Operating
Partnership&#148;), of which the Company is the general partner, in exchange for Class&nbsp;A common units of limited partnership interest of the Operating Partnership (the &#147;Class&nbsp;A Units&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;The Company and the Operating Partnership jointly and severally represent and warrant to, and agree
with, each of the Underwriters that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;An &#147;automatic shelf registration statement&#148; as
defined under Rule 405 under the Securities Act of 1933, as amended (the &#147;Act&#148;), on Form <FONT STYLE="white-space:nowrap">S-3</FONT> (File <FONT STYLE="white-space:nowrap">No.&nbsp;333-239227)</FONT> in respect of the Shares has been filed
with the Securities and Exchange Commission (the &#147;Commission&#148;) not earlier than three years prior to the date hereof; such registration statement, and any post-effective amendment thereto, became effective upon filing; and no stop order
suspending the effectiveness of such registration statement or any part thereof has been issued and no proceeding for that purpose has been initiated or, to the Company&#146;s knowledge, threatened by
</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
the Commission, and no notice of objection of the Commission to the use of such registration statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act has been
received by the Company (the base prospectus filed as part of such registration statement, in the form in which it has most recently been filed with the Commission on or prior to the date of this Agreement, is hereinafter called the &#147;Base
Prospectus&#148;; any preliminary prospectus (including any preliminary prospectus supplement) relating to the Shares filed with the Commission pursuant to Rule 424(b) under the Act is hereinafter called a &#147;Preliminary Prospectus&#148;; the
various parts of such registration statement, including all exhibits thereto and including any prospectus supplement relating to the Shares that is filed with the Commission and deemed by virtue of Rule 430B to be part of such registration
statement, each as amended at the time such part of the registration statement became effective, are hereinafter collectively called the &#147;Registration Statement&#148;; the Base Prospectus, as amended and supplemented by the Preliminary
Prospectus immediately prior to the Applicable Time (as defined in Section&nbsp;1(iii) hereof), is hereinafter called the &#147;Pricing Prospectus&#148;; the form of the final prospectus relating to the Shares filed with the Commission pursuant to
Rule 424(b) under the Act in accordance with Section&nbsp;5(a) hereof is hereinafter called the &#147;Prospectus&#148;; any reference herein to the Base Prospectus, the Pricing Prospectus, any Preliminary Prospectus or the Prospectus shall be deemed
to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form <FONT STYLE="white-space:nowrap">S-3</FONT> under the Act, as of the date of such Base Prospectus, such Pricing Prospectus, such Preliminary
Prospectus, or the Prospectus, as the case may be; any reference to any amendment or supplement to the Base Prospectus, any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include any post-effective amendment to the
Registration Statement, any prospectus supplement relating to the Shares filed with the Commission pursuant to Rule 424(b) under the Act and any documents filed under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;),
and incorporated therein, in each case after the date of the Base Prospectus, such Preliminary Prospectus, or the Prospectus, as the case may be; any reference to any amendment to the Registration Statement shall be deemed to refer to and include
any annual report of the Company filed pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act after the effective date of the Registration Statement that is incorporated by reference in the Registration Statement; and any &#147;issuer free
writing prospectus&#148; as defined in Rule 433 under the Act relating to the Shares is hereinafter called an &#147;Issuer Free Writing Prospectus&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;No order preventing or suspending the use of any Preliminary Prospectus or any Issuer Free Writing
Prospectus has been issued by the Commission, and, to the knowledge of the Company, no proceeding for that purpose or pursuant to Section&nbsp;8A of the Act against the Company or related to the offering of the Shares has been initiated or
threatened by the Commission; and each Preliminary Prospectus, at the time of filing thereof, conformed in all material respects to the requirements of the Act and the rules and regulations of the Commission thereunder, and did not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that this
representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by the Underwriters expressly for use therein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of this Agreement, the &#147;Applicable Time&#148; is 6:55 P.M. (New York City
time) on the date of this Agreement; the Pricing Prospectus, as of the Applicable Time, as supplemented by the information listed on Schedule II(c) hereto, taken together (collectively, the &#147;Pricing Disclosure Package&#148;), did not include
any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
circumstances under which they were made, not misleading; and each Issuer Free Writing Prospectus listed on Schedule II(a) hereto does not conflict with the information contained in the
Registration Statement, the Base Prospectus, the Pricing Prospectus or the Prospectus and each such Issuer Free Writing Prospectus, each as supplemented by and taken together with the Pricing Disclosure Package, as of the Applicable Time, did not
include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that this
representation and warranty shall not apply to statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by the Underwriters expressly for use therein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;The documents incorporated by reference in the Pricing Prospectus and the Prospectus, when they
became effective or were filed with the Commission, as the case may be, conformed in all material respects to the requirements of the Act or the Exchange Act, as applicable, and the rules and regulations of the Commission thereunder, and none of
such documents contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading; any further documents so filed and incorporated by
reference in the Prospectus or any further amendment or supplement thereto, when such documents become effective or are filed with the Commission, as the case may be, will conform in all material respects to the requirements of the Act or the
Exchange Act, as applicable, and the rules and regulations of the Commission thereunder and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by the Underwriters
expressly for use therein; and no such documents were filed with the Commission since the Commission&#146;s close of business on the business day immediately prior to the date of this Agreement and prior to the execution of this Agreement, except as
set forth on Schedule II(b) hereto; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;The Registration Statement conforms, and the Prospectus
and any further amendments or supplements to the Registration Statement and the Prospectus will conform, in all material respects to the requirements of the Act and the rules and regulations of the Commission thereunder and do not and will not, as
of the applicable effective date as to each part of the Registration Statement and as of the applicable filing date as to the Prospectus and any amendment or supplement thereto, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity
with information furnished in writing to the Company by the Underwriters expressly for use therein. The Company meets the requirements for use of Form <FONT STYLE="white-space:nowrap">S-3</FONT> under the Act. The sale of the Shares hereunder meets
the requirements of General Instruction&nbsp;I.B.1 of Form <FONT STYLE="white-space:nowrap">S-3;</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;The Company is a real estate investment trust duly organized and validly existing and in good
standing under the laws of the State of Maryland, with requisite real estate investment trust power and authority to own, lease or operate its properties and to conduct its business as described in the Pricing Prospectus and to execute and deliver
this Agreement and to consummate the transactions contemplated hereby (including the issuance, sale and delivery of the Shares); each direct or indirect subsidiary of the Company listed on Schedule III hereto (each a &#147;Company Subsidiary&#148;)
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
is duly organized and validly existing as a corporation, limited liability company or limited partnership, as applicable, in good standing under the laws of the state of its incorporation or
organization, as applicable, with requisite corporate, limited liability company or limited partnership power and authority to own, lease or operate its properties and to conduct its business as described in the Pricing Prospectus, except where the
failure to be in good standing would not result in a Material Adverse Effect (as defined below); the Operating Partnership has full limited partnership power and authority to execute and deliver this Agreement and to consummate the transactions
contemplated hereby; the Company Subsidiaries are the only subsidiaries, direct or indirect, of the Company; no Company Subsidiary is currently prohibited, directly or indirectly, from paying any dividends or distributions to the Company, from
repaying to the Company any loans or advances to such Company Subsidiary from the Company or from transferring any of such Company Subsidiary&#146;s property or assets to the Company or any other Company Subsidiary; all of the outstanding limited
liability company or partnership interests, as the case may be, of each of the Company Subsidiaries are, except as described in the Pricing Prospectus, owned by the Company or another Company Subsidiary free and clear of all liens, encumbrances and
equities and claims; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;All of the issued and outstanding Class&nbsp;A Shares, Class&nbsp;B
common shares of beneficial interest of the Company, par value $0.01 per share, Series D cumulative redeemable perpetual preferred shares, par value $0.01 per share, Series E cumulative redeemable perpetual preferred shares, par value $0.01 per
share, Series F cumulative redeemable perpetual preferred shares, par value $0.01 per share, Series G cumulative redeemable perpetual preferred shares, par value $0.01 per share, and Series H cumulative redeemable perpetual preferred shares, par
value $0.01 per share, have been duly and validly authorized and issued and are fully paid and <FONT STYLE="white-space:nowrap">non-assessable</FONT> and have not been issued in violation of or subject to any preemptive right or other similar right
of shareholders arising by operation of law, under the charter or bylaws, each as amended, of the Company, under any agreement to which the Company is a party or otherwise; all of the ownership interests of each Company Subsidiary, including the
outstanding Class&nbsp;A Units, the Class&nbsp;B common units of limited partnership interest of the Operating Partnership, the Series D convertible units of limited partnership interest of the Operating Partnership, the Series E convertible units
of limited partnership interest of the Operating Partnership, the Series F convertible units of limited partnership interest of the Operating Partnership, the Series G convertible units of limited partnership interest of the Operating Partnership
and the Series H convertible units of limited partnership interest of the Operating Partnership have been duly and validly authorized and issued and unitholders have no obligation to make any further payments for the purchase of such units or
contributions to the Operating Partnership solely by reason of their ownership of such units and have not been issued in violation of or subject to any preemptive right or other similar right of unitholders arising by operation of law, under the
Agreement of Limited Partnership, dated as of November&nbsp;21, 2012, as amended, by and among the Company, as the general partner of the Operating Partnership, and the limited partners listed therein, or under any agreement to which the Operating
Partnership is a party or otherwise; except as disclosed in or contemplated by the Pricing Prospectus and the Prospectus, there are no outstanding (i)&nbsp;securities or obligations of the Company or any Company Subsidiary convertible into or
exchangeable for any shares of beneficial interest (or limited liability company or partnership interests, as applicable) of the Company or any such Company Subsidiary, (ii)&nbsp;warrants, rights or options to subscribe for or purchase from the
Company or any such Company Subsidiary any such shares of beneficial interest (or limited liability company or partnership interests, as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
applicable) or any such convertible or exchangeable securities or obligations or (iii)&nbsp;obligations of the Company or any such Company Subsidiary to issue or sell any shares of beneficial
interest (or limited liability company or partnership interests, as applicable), any such convertible or exchangeable securities or obligations, or any such warrants, rights or options; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(viii)&nbsp;&nbsp;&nbsp;&nbsp;The Shares have been duly authorized for issuance, sale and delivery pursuant to this Agreement
and, when issued and delivered by the Company against payment therefor in accordance with the terms of this Agreement, will be duly and validly issued and fully paid and nonassessable, free and clear of any pledge, lien, encumbrance, security
interest or other claim; the issuance, sale and delivery of the Shares by the Company are not subject to any preemptive right, <FONT STYLE="white-space:nowrap">co-sale</FONT> right, registration right, right of first refusal or other similar right
of shareholders arising by operation of law, under the charter or bylaws, as amended, of the Company, under any agreement to which the Company is a party or otherwise; and the form of certificates, if any, for the Shares conforms to the law of the
jurisdiction of the Company&#146;s formation and to any requirements of the Company&#146;s charter, as amended; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(ix)&nbsp;&nbsp;&nbsp;&nbsp;The Class&nbsp;A Units that will be exchanged for the net proceeds from the sale of the Shares by
the Company hereunder have been duly authorized for issuance and delivery by the Operating Partnership to the Company and, when issued and delivered by the Operating Partnership to the Company, will be duly and validly issued and unitholders have no
obligation to make any further payments for the purchase of such units or contributions to the Operating Partnership solely by reason of their ownership of such units, free and clear of any pledge, lien, encumbrance, security interest or other
claim; the issuance and delivery of such Class&nbsp;A Units by the Operating Partnership are not subject to any preemptive right, <FONT STYLE="white-space:nowrap">co-sale</FONT> right, registration right, right of first refusal or other similar
right of unitholders arising by operation of law, under the Operating Partnership Agreement, under any agreement to which the Operating Partnership is a party or otherwise; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(x)&nbsp;&nbsp;&nbsp;&nbsp;The Company and each Company Subsidiary is duly qualified or licensed by, and is in good standing
in, each jurisdiction in which it conducts its business, or in which it owns or leases property or maintains an office and in which such qualification or licensing is necessary and in which the failure, individually or in the aggregate, to be so
qualified or licensed could reasonably be expected to have a material adverse effect on the business, condition (financial or otherwise), results of operations or prospects of the Company and the Company Subsidiaries taken as a whole (a
&#147;Material Adverse Effect&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xi)&nbsp;&nbsp;&nbsp;&nbsp;The Company and each Company Subsidiary has legal,
valid and defensible title to all assets and properties reflected as owned by it in the Pricing Prospectus and the Prospectus (whether through fee ownership or similar rights of ownership), in each case free and clear of all liens, security
interests, pledges, charges, encumbrances, mortgages and defects, except such as are disclosed in both the Pricing Prospectus and the Prospectus or as could not reasonably be expected, individually or in the aggregate, to have a Material Adverse
Effect; any real property or personal property held under lease by the Company or any Company Subsidiary is held under a lease that is valid, existing and enforceable by the Company or the Company Subsidiaries, as applicable, with such exceptions as
are disclosed in the Pricing Prospectus and the Prospectus or as could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; neither the Company nor any Company Subsidiary has received any notice of any
material claim of any sort that has been asserted by anyone adverse to the rights of the Company or any Company Subsidiary under any such lease, with such exceptions as are disclosed in the Pricing Prospectus and the Prospectus or as could not
reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; no tenant under any lease to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
which the Company or any Company Subsidiary leases any portion of its property is in default under such lease, except as could not otherwise be reasonably expected, individually or in the
aggregate, to have a Material Adverse Effect; neither the Company nor any Company Subsidiary has knowledge of any pending or threatened condemnation, zoning change or other proceeding or action that will in any manner affect the size of, use of,
improvements on, construction on, or access to the properties of any of the Company or any Company Subsidiary except as disclosed in both the Pricing Prospectus and the Prospectus or as could not otherwise be reasonably expected, individually or in
the aggregate, to have a Material Adverse Effect; title insurance in favor of the Company or the applicable Company Subsidiary has been obtained with respect to each property owned by any such entity in an amount that is customary for companies
engaged in the same or similar businesses, except where the failure to maintain such title insurance could not otherwise be reasonably expected, individually or in the aggregate, to have a Material Adverse Effect; and neither the Company nor any
Company Subsidiary has sold or contracted to sell any real property except as disclosed in both the Pricing Prospectus and the Prospectus or as could not otherwise be reasonably expected, individually or in the aggregate, to have a Material Adverse
Effect; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xii)&nbsp;&nbsp;&nbsp;&nbsp;The Company and each Company Subsidiary owns or possesses such licenses or other
rights to use all patents, trademarks, service marks, trade names, copyrights, software and design licenses, trade secrets, manufacturing processes, other intangible property rights and <FONT STYLE="white-space:nowrap">know-how</FONT> (collectively
&#147;Intangibles&#148;), as are necessary to entitle the Company and each Company Subsidiary to conduct their respective businesses described in the Pricing Prospectus and the Prospectus, and none of the Company or any Company Subsidiary has
received written notice of any infringement of or conflict with (and, upon due inquiry, none of the Company or any Company Subsidiary knows of any such infringement of or conflict with) asserted rights of others with respect to any Intangibles which
could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;The Company and the Company Subsidiaries own or have a valid right to access and use all
information technology and computer systems, networks, hardware, software, databases, websites and equipment used to process, store, maintain and operate data, information and functions used in connection with the business of the Company and the
Company Subsidiaries, including the data of the Company&#146;s and the Company Subsidiaries&#146; respective customers, employees, suppliers, vendors and any third party data maintained by or on behalf of them (collectively with such data, the
&#147;IT Systems and Data&#148;). (i) Except as disclosed in both the Registration Statement and the Prospectus, the Company and the Company Subsidiaries are not aware of any security breach or other compromise of or relating to the IT Systems and
Data; (ii)&nbsp;the Company and the Company Subsidiaries have not been notified of, and have no knowledge of any event or condition that would reasonably be expected to result in, any security breach or other compromise to their IT Systems and Data;
(iii)&nbsp;the Company and the Company Subsidiaries believe they have implemented commercially reasonable backup and disaster recovery technology, including with respect to enabling the Company and the Company Subsidiaries to fulfill relevant
contractual obligations; (iv)&nbsp;the IT Systems and Data are adequate for, and operate and perform in all material respects as required in connection with, the operation of the business of the Company and the Company Subsidiaries as currently
conducted; and (v)&nbsp;the Company and the Company Subsidiaries believe they are presently in compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory
authority relating to the privacy and security of IT Systems and Data and to the protection of such IT Systems and Data from unauthorized use, access, misappropriation or modification, except as would not, in the case of each of clauses (i)-(v)
above, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company nor any Company Subsidiary
has violated, or received notice of any violation with respect to, any law, rule, regulation, order decree or judgment applicable to it and its business, including those relating to transactions with affiliates, environmental, safety or similar
laws, federal or state laws relating to discrimination in the hiring, promotion or pay of employees, federal or state wages and hours law, the Employee Retirement Income Security Act of 1974, as amended (&#147;ERISA&#148;), or the rules and
regulations promulgated thereunder, except for those violations that would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xv)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company, any Company Subsidiary nor any of their respective officers, trustees,
directors, agents, employees or affiliates purporting to act on behalf of the Company or any Company Subsidiary, has within the past five years, directly or indirectly, (i)&nbsp;used corporate funds to make any unlawful contribution, gift,
entertainment or other unlawful expense relating to political activity, (ii)&nbsp;made or taken an act in furtherance of an offer, promise or authorization of any unlawful payment or benefit to any domestic or foreign governmental official or
employee, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law (including the Foreign Corrupt Practices Act of 1977, as amended (the &#147;FCPA&#148;)), (iii) engaged in any
transactions, maintained any bank account or used any corporate funds except for transactions, bank accounts and funds which have been and are reflected in the normally maintained books and records of the Company, (iv)&nbsp;violated or is in
violation of any provision of the FCPA or any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or any other applicable anti- bribery or
anti-corruption law, or (v)&nbsp;made, offered, agreed, requested or taken an act in furtherance of any unlawful bribe or other unlawful benefit, including, without limitation, any rebate, payoff, influence payment, kickback or other unlawful or
improper payment or benefit. The Company and the Company Subsidiaries have instituted, maintain and enforce, and reasonably expect to continue to maintain and enforce, policies and procedures designed to ensure compliance with applicable
anti-bribery and anti-corruption laws; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;The Company has made an election to be taxed as a
&#147;real estate investment trust&#148; (a &#147;REIT&#148;) under Sections 856 through 860 of the provisions of the Internal Revenue Code of 1986, as amended, including the regulations and published interpretations thereunder (the
&#147;Code&#148;), commencing with its initial taxable year ending December&nbsp;31, 2012; as of the Time of Delivery, and each Additional Time of Delivery, the Company will be organized in conformity with the requirements for qualification and
taxation as a REIT; the proposed method of operation of the Company as described in the Pricing Prospectus and the Prospectus will enable the Company to meet the requirements for qualification and taxation as a REIT under the Code and no actions
have been taken (or not taken which are required to be taken) by the Company that could cause the Company to fail to qualify as a REIT; the Company has no intention of changing its operations or engaging in activities that could cause it to fail to
qualify, or make economically undesirable its continued qualification, as a REIT; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xvii)&nbsp;&nbsp;&nbsp;&nbsp;Except as
described in the Prospectus, there are no outstanding loans or advances or guarantees of indebtedness by the Company or any Company Subsidiary to or for the benefit of any of the officers, trustees, directors, affiliates or representatives of the
Company or any Company Subsidiary or any of the members of the families of any of them; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xviii)&nbsp;&nbsp;&nbsp;&nbsp;Except as disclosed in the Registration
Statement and the Prospectus and except with respect to the Underwriters, none of the Company or any Company Subsidiary has incurred any liability for any finder&#146;s fees or similar payments in connection with the transactions contemplated
hereby; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xix)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company nor any Company Subsidiary is in breach or violation of, or in
default under (nor has any event occurred which with notice, lapse of time, or both would constitute a breach or violation of, or default under)&nbsp;(i) its respective charter, bylaws, limited liability company agreement, partnership agreement or
other organizational documents, in each case as amended as of the date hereof (collectively, the &#147;Charter Documents&#148;), (ii) the performance or observance of any obligation, agreement, covenant or condition contained in any contract,
license, indenture, mortgage, deed of trust, bank loan or credit agreement or other agreement or instrument to which the Company or such Company Subsidiary is a party or by which it or its respective properties may be bound or affected or
(iii)&nbsp;any federal, state, local or foreign law, regulation or rule or any decree, judgment, permit or order applicable to the Company or any Company Subsidiary, except, in the case of clauses (ii)&nbsp;and (iii) above, for such breaches,
violations or defaults which would not, individually or in the aggregate, have a Material Adverse Effect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xx)&nbsp;&nbsp;&nbsp;&nbsp;The execution, delivery and performance by the Company and the Operating Partnership of this
Agreement, and the issuance, sale and delivery of the Shares, the use of the proceeds from the sale of the Shares as described in the Pricing Prospectus and the Prospectus and the consummation by the Company and the Company Subsidiaries of the
transactions contemplated hereby, and the compliance by the Company and the Company Subsidiaries with the terms and provisions hereunder will not conflict with, or result in any breach of or constitute a default under (nor constitute any event which
with notice, lapse of time, or both would constitute a breach of, or default under), (i) any provision of the Charter Documents of the Company or any Company Subsidiaries, (ii)&nbsp;any provision of any contract, license, indenture, mortgage, deed
of trust, bank loan or credit agreement or other agreement or instrument to which the Company or any Company Subsidiary is a party or by which it or its respective properties may be bound or affected or (iii)&nbsp;any federal, state, local or
foreign law, regulation or rule or any decree, judgment, permit or order applicable to the Company or any Company Subsidiary, except in the case of clauses (ii)&nbsp;or (iii) for such conflicts, breaches or defaults that have been validly waived or
would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or result in the creation or imposition of any material lien, charge, claim or encumbrance upon any property or asset of the Company or any Company
Subsidiary; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxi)&nbsp;&nbsp;&nbsp;&nbsp;This Agreement has been duly authorized, executed and delivered by the Company
and the Operating Partnership and constitutes a legal, valid and binding agreement of the Company and the Operating Partnership; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxii)&nbsp;&nbsp;&nbsp;&nbsp;The Shares conform in all material respects to the descriptions thereof contained in both the
Pricing Prospectus and the Prospectus; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxiii)&nbsp;&nbsp;&nbsp;&nbsp;No approval, authorization, consent or order of or
filing with any federal, state, local or foreign governmental or regulatory commission, board, body, authority or agency is required in connection with the execution, delivery and performance by the Company and the Operating Partnership of this
Agreement or the consummation by the Company and the Operating Partnership of the transactions contemplated hereby, or the issuance, sale and delivery of the Shares as contemplated hereby, other than (i)&nbsp;the registration under the Act of the
Shares, (ii) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
the approval by the Financial Industry Regulatory Authority (&#147;FINRA&#148;) of the underwriting terms and arrangements, if required, and (iii)&nbsp;any necessary qualification under the
securities or blue sky laws of the various jurisdictions in which the Shares are being offered by the Underwriters; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxiv)&nbsp;&nbsp;&nbsp;&nbsp;The Company and each Company Subsidiary have all necessary licenses, permits, certificates,
authorizations, consents and approvals and have made all necessary filings required under any federal, state, local or foreign law, regulation or rule, and have obtained all necessary licenses, permits, certificates, authorizations, consents and
approvals from other persons required in order to conduct their respective businesses as described in both the Pricing Prospectus and the Prospectus, except to the extent that any failure to have any such licenses, permits, certificates,
authorizations, consents or approvals, to make any such filings or to obtain any such licenses, permits, certificates, authorizations, consents or approvals would not, individually or in the aggregate, have a Material Adverse Effect; and none of the
Company nor any Company Subsidiary is in violation of, or in default under, any such license, permit, certificate, authorization, consent or approval or any federal, state, local or foreign law, regulation or rule or any decree, order or judgment
applicable to the Company or any Company Subsidiary, the effect of which could reasonably be expected to have a Material Adverse Effect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxv)&nbsp;&nbsp;&nbsp;&nbsp;The copies of all contracts, agreements, instruments, rent rolls and other documents (including
governmental licenses, authorizations, permits, consents and approvals and all amendments or waivers relating to any of the foregoing) that have been previously furnished to the Underwriters or their counsel are complete and genuine and include all
material collateral and supplemental agreements thereto; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxvi)&nbsp;&nbsp;&nbsp;&nbsp;Other than as set forth in both
the Pricing Prospectus and the Prospectus and other than those that would not, individually or in the aggregate, have a Material Adverse Effect, there are no actions, suits, proceedings, inquiries or investigations pending or, to the knowledge of
the Company or any Company Subsidiary, threatened against the Company or any Company Subsidiary or any of their respective properties, trustees, directors, officers or affiliates at law or in equity, or before or by any federal, state, local or
foreign governmental or regulatory commission, board, body, authority or agency; other than the Underwriters, none of the Company nor any Company Subsidiary has authorized anyone other than the Company&#146;s trustees and officers to make any
representations regarding the offer and sale of the Shares, or regarding the Company or such Company Subsidiary in connection therewith; and none of the Company nor any Company Subsidiary has received notice of any order or decree preventing the use
of the Pricing Prospectus or the Prospectus or any amendment or supplement thereto; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxvii)&nbsp;&nbsp;&nbsp;&nbsp;Subsequent to the date of the Preliminary Prospectus, and except as may be otherwise stated in
both the Pricing Prospectus and the Prospectus, there has not been (i)&nbsp;any event, circumstance or change that has, or could reasonably be expected, individually or in the aggregate, to have, a Material Adverse Effect, (ii)&nbsp;any transaction,
other than in the ordinary course of business, which is material to the Company or any Company Subsidiary, contemplated or entered into by the Company or any Company Subsidiary, (iii)&nbsp;any obligation, contingent or otherwise, directly or
indirectly incurred by the Company, other than in the ordinary course of business, which is material to the Company or any Company Subsidiary, (iv)&nbsp;any dividend or distribution of any kind declared, paid or made by the Company or any Company
Subsidiary on any class of its equity shares (or limited liability company or partnership interests, as applicable) or any purchase by the Company or any Company Subsidiary of any of its outstanding shares of beneficial interest (or limited
liability company or partnership interests, as applicable), or (v)&nbsp;any change of the shares of beneficial interest (or limited liability company or partnership interests, as applicable) or indebtedness of the Company or any Company Subsidiary;
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxviii)&nbsp;&nbsp;&nbsp;&nbsp;Neither the Company nor any Company
Subsidiary is nor, upon the sale of the Shares as contemplated herein and the application of the net proceeds therefrom as described in both the Pricing Prospectus and the Prospectus under the caption &#147;Use of Proceeds,&#148; will be an
&#147;investment company&#148; or an entity &#147;controlled&#148; by an &#147;investment company&#148; (as such terms are defined in the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxix)&nbsp;&nbsp;&nbsp;&nbsp;There are no persons with registration or other similar rights to have any securities registered
by the Company under the Act; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxx)&nbsp;&nbsp;&nbsp;&nbsp;None of the independent trustees named in the Pricing
Prospectus and the Prospectus has, within the last five years, been employed by or affiliated, directly or indirectly, with the Company or any Company Subsidiary, whether by ownership of, ownership interest in, employment by, any material business
or professional relationship with, or serving as an officer, trustee or director of the Company or any Company Subsidiary or any of their respective affiliates other than as disclosed in the Prospectus; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxi)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company, any Company Subsidiary nor any of their respective affiliates (i)&nbsp;is
required to register as a &#147;broker&#148; or &#147;dealer&#148; in accordance with the provisions of the Exchange Act or the rules and regulations thereunder, or (ii)&nbsp;directly, or indirectly through one or more intermediaries, controls or
has any other association with (within the meaning of Article 1 of the Bylaws of FINRA) any member firm of FINRA; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxii)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company, any Company Subsidiary nor any of their respective directors, trustees,
officers, representatives or affiliates has taken, directly or indirectly, any action intended, or that might reasonably be expected, to cause or result, under the Act, the Exchange Act or otherwise, in, or that has constituted, stabilization or
manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxiii)&nbsp;&nbsp;&nbsp;&nbsp;The Company and each Company Subsidiary carries, or is covered by, insurance (issued by
insurers of recognized financial responsibility to the best knowledge of the Company) in such amounts and covering such risks as is appropriate for the conduct of their respective businesses and the value of the assets to be held by them upon the
consummation of the transactions contemplated by both the Pricing Prospectus and the Prospectus and as is customary for companies engaged in businesses similar to the business of the Company and the Company Subsidiaries, all of which insurance is in
full force and effect; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxiv)&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements of the Company, including the
notes thereto, included or incorporated by reference in both the Pricing Prospectus and the Prospectus fairly present in all material respects the financial condition of the Company as of the respective dates thereof, and the results of its
operations for the periods then ended, correctly reflect and disclose all extraordinary items, and have been prepared in conformity with U.S. generally accepted accounting principles (&#147;GAAP&#148;) applied on a consistent basis. All disclosures
contained in the Registration Statement, the Base Prospectus, the Pricing Prospectus or the Prospectus regarding <FONT STYLE="white-space:nowrap">&#147;non-GAAP</FONT> financial measures&#148; (as such term is defined by the rules and regulations of
the Commission) comply with Regulation G of the Exchange Act and Item 10 of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> of the Act, to the extent applicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxv)&nbsp;&nbsp;&nbsp;&nbsp;Ernst&nbsp;&amp; Young LLP, who has certified
certain financial statements included or incorporated by reference in the Pricing Prospectus and the Prospectus, whose reports with respect to such financial statements included or incorporated by reference in the Pricing Prospectus and the
Prospectus are included or incorporated by reference in the Pricing Prospectus and the Prospectus and who have delivered the comfort letters referred to in Section&nbsp;8(d) hereof, is currently an independent registered public accounting firm with
respect to the Company within the meaning of the Act and the rules and regulations of the Commission thereunder; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxvi)&nbsp;&nbsp;&nbsp;&nbsp;The Company maintains systems of internal control over financial reporting (as such term is
defined in Rule <FONT STYLE="white-space:nowrap">13a-15(f)</FONT> under the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by the Company&#146;s principal executive officer and principal financial officer,
or under their supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP, including, but not limited to, internal
accounting controls sufficient to provide reasonable assurance that (i)&nbsp;transactions are executed in accordance with management&#146;s general or specific authorizations, (ii)&nbsp;transactions are recorded as necessary to permit preparation of
financial statements in conformity with GAAP and to maintain asset accountability, (iii)&nbsp;access to assets is permitted only in accordance with management&#146;s general or specific authorization, (iv)&nbsp;the recorded accountability for assets
is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences, and (v)&nbsp;the interactive data in eXtensible Business Reporting Language included or incorporated by reference in the
Registration Statement, the Base Prospectus and the Prospectus fairly presents the information called for in all material respects and is prepared in accordance with the Commission&#146;s rules and guidelines applicable thereto. Except as disclosed
in each of the Pricing Prospectus and the Prospectus, there are no material weaknesses in the Company&#146;s internal controls; since the date of the latest audited financial statements included or incorporated by reference in the Pricing
Prospectus, there has been no change in the Company&#146;s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company&#146;s internal control over financial reporting; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxvii)&nbsp;&nbsp;&nbsp;&nbsp;The Company maintains disclosure controls and procedures (as such term is defined in Rule <FONT
STYLE="white-space:nowrap">13a-15(e)</FONT> under the Exchange Act) that comply with the requirements of the Exchange Act; such disclosure controls and procedures are designed to ensure that material information relating to the Company and the
Company Subsidiaries is made known to the Company&#146;s principal executive officer and principal financial officer by others within those entities; and such disclosure controls and procedures are effective in all material respects; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxviii)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company, any Company Subsidiary nor, to the knowledge of the Company or any
Company Subsidiary, any director, trustee, officer, employee, agent or affiliate of the Company or any Company Subsidiary, has made any payment of funds of the Company or any Company Subsidiary or received or retained any funds in violation of any
law, rule or regulation, including without limitation the &#147;know your customer&#148; and anti-money laundering laws of any jurisdiction (collectively, the &#147;Money Laundering Laws&#148;) and no action, suit or proceeding by or before any
court or governmental agency, authority or body or any arbitrator involving the Company or any Company Subsidiary or, to the knowledge of the Company or any Company Subsidiary, any director, trustee, officer, employee, agent or affiliate of the
Company or any Company Subsidiary, with respect to the Money Laundering Laws is pending or, to the knowledge of the Company or any Company Subsidiary, threatened; the Company acknowledges that, in accordance with the requirements of the USA Patriot
Act, the Underwriters are required to obtain, verify and record information that identifies their respective </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
clients, including the Company, which information may include the name and address of their respective clients, as well as other information that will allow the Underwriters to properly identify
their respective clients; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xxxix)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company, any Company Subsidiary nor, to the
knowledge of the Company or any Company Subsidiary, any director, trustee, officer, agent, employee or affiliate of the Company or any Company Subsidiary is currently subject to any sanctions administered by the Office of Foreign Assets Control of
the U.S. Department of the Treasury, the U.S. Department of State (and including, without limitation, the designation as a &#147;specially designated national&#148; or &#147;blocked person&#148;), the United Nations Security Council, the European
Union, Her Majesty&#146;s Treasury or other relevant sanctions authority (collectively, &#147;Sanctions&#148;), nor is controlled by an individual or entity that is currently subject to Sanctions, nor is the Company or any Company Subsidiary
located, organized or resident in a country or territory that is the subject or target of Sanctions, including, without limitation, Cuba, Iran, North Korea, Sudan and Syria (each, a &#147;Sanctioned Country&#148;) and neither the Company nor the
Operating Partnership will directly or indirectly use the proceeds of the offering of the Shares hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the
purpose of financing the activities of any person currently subject to any Sanctions or any activities in any Sanctioned Country or in any other manner that will result in a violation by any person (including any person participating in the
transaction, whether as underwriter, advisor, investor or otherwise) of Sanctions. For the past five years, the Company and each Company Subsidiary have not knowingly engaged in and are not now knowingly engaged in any dealings or transactions with
any person that at the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xl)&nbsp;&nbsp;&nbsp;&nbsp;Any certificate signed by any officer of the Company or any Company Subsidiary delivered to the
Underwriters or to counsel for the Underwriters pursuant to or in connection with this Agreement shall be deemed a representation and warranty by the Company or such Company Subsidiary to the Underwriters as to the matters covered thereby; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xli)&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company and the Company Subsidiaries have accurately prepared and timely filed any and
all material federal, state, foreign and other tax returns that are required to be filed by them, if any, and have paid or made provision for the payment of all material taxes, assessments, governmental or other similar charges, including without
limitation, all material sales and use taxes and all material taxes which the Company and the Company Subsidiaries are obligated to withhold from amounts owing to employees, creditors and third parties, with respect to the periods covered by such
tax returns (whether or not such amounts are shown as due on any tax return), except for any such tax, assessment, fine or penalty that is currently being contested in good faith by appropriate actions, (ii)&nbsp;no deficiency assessment with
respect to a proposed material adjustment of the federal, state, local or foreign taxes of the Company or any Company Subsidiary is pending or, to the best of the knowledge of the Company or any Company Subsidiary, threatened; and (iii)&nbsp;there
is no material tax lien, whether imposed by any federal, state, foreign or other taxing authority, outstanding against the assets, properties or business of the Company or any Company Subsidiary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xlii)&nbsp;&nbsp;&nbsp;&nbsp;Except as described in both the Pricing Prospectus and the Prospectus or as would not in the
aggregate reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, (i)&nbsp;neither the Company nor any Company Subsidiary is in violation of any federal, state, local or foreign statute, law, rule, regulation,
ordinance, code, policy or rule of common law or any judicial or administrative interpretation thereof, including any judicial or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
administrative order, consent, decree or judgment, relating to pollution or protection of human health, the environment (including, without limitation, ambient air, surface water, groundwater,
land surface or subsurface strata) or wildlife, including, without limitation, laws and regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous substances, petroleum or
petroleum products, asbestos- containing materials or mold (collectively, &#147;Hazardous Materials&#148;) or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials
(collectively, &#147;Environmental Laws&#148;), (ii) the Company and the Company Subsidiaries have all permits, authorizations and approvals required under any applicable Environmental Laws and are each in compliance with their requirements,
(iii)&nbsp;there are no pending or, to the knowledge of the Company or any Company Subsidiary, threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of noncompliance or violation,
investigation or proceedings relating to any Environmental Law against the Company or any Company Subsidiary, and (iv)&nbsp;to the knowledge of the Company or any Company Subsidiary, there are no events or circumstances that would reasonably be
expected to form the basis of an order for <FONT STYLE="white-space:nowrap">clean-up</FONT> or remediation, or an action, suit or proceeding by any private party or governmental body or agency, against or affecting the Company or any Company
Subsidiary relating to Hazardous Materials or any Environmental Laws; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xliii)&nbsp;&nbsp;&nbsp;&nbsp;Each employee
benefit plan, within the meaning of Section&nbsp;3(3) of ERISA, that is maintained, administered or contributed to by the Company, any Company Subsidiary or any of their affiliates for employees or former employees of the Company, any Company
Subsidiary or any of their affiliates has been maintained in compliance in all material respects with its terms and the requirements of any applicable statutes, orders, rules and regulations, including, but not limited to, ERISA and the Code; no
prohibited transaction, within the meaning of Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code, has occurred with respect to any such plan excluding transactions effected pursuant to a statutory or administrative exemption, and
transactions which, individually or in the aggregate, would not have a Material Adverse Effect, and no such plan is subject to the funding rules of Section&nbsp;412 of the Code or Section&nbsp;302 of ERISA; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xliv)&nbsp;&nbsp;&nbsp;&nbsp;No labor disturbance by or dispute with employees of the Company or any Company Subsidiary
exists or, to the knowledge of the Company or any Company Subsidiary, is contemplated or threatened, and none of the Company nor any Company Subsidiary is aware of any existing or imminent labor disturbance by, or dispute with, the employees of any
of the Company&#146;s or the Company Subsidiary&#146;s principal suppliers, contractors or customers, except as would not have a Material Adverse Effect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xlv)&nbsp;&nbsp;&nbsp;&nbsp;Nothing has come to the attention of the Company or any Company Subsidiary that has caused the
Company or any Company Subsidiary to believe that the statistical and market-related data included in each of the Pricing Prospectus and the Prospectus is not based on or derived from sources that are reliable and accurate in all material respects;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xlvi)&nbsp;&nbsp;&nbsp;&nbsp;No forward-looking statement (within the meaning of Section&nbsp;27A of the Act and
Section&nbsp;21E of the Exchange Act) contained in any of the Pricing Prospectus or the Prospectus has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xlvii)&nbsp;&nbsp;&nbsp;&nbsp;Neither the Company nor any of the Company Subsidiaries has sustained since the date of the
latest audited financial statements included or incorporated by reference in the Pricing Prospectus any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any
labor dispute or court or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
governmental action, order or decree, otherwise than as set forth or contemplated in the Pricing Prospectus; and, since the respective dates as of which information is given in the Registration
Statement and the Pricing Prospectus, there has not been any change in the equity shares (or limited liability company or partnership interests, as applicable) or long-term debt of the Company or any of the Company Subsidiaries or any material
adverse change, or any development involving a prospective material adverse change, in or affecting the general affairs, management, financial position, shareholders&#146; equity or results of operations of the Company and the Company Subsidiaries,
taken as a whole, otherwise than as set forth or contemplated in the Pricing Prospectus; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xlviii)&nbsp;&nbsp;&nbsp;&nbsp;The statements set forth in the Pricing Prospectus and the Prospectus under the captions
&#147;Description of Equity Shares&#148; and &#147;Description of Common Shares,&#148; insofar as they summarize the terms of the Class&nbsp;A Shares, and under the caption &#147;Certain U.S. Federal Income Tax Considerations,&#148; insofar as they
summarize certain provisions of the laws and documents referred to therein, are accurate, complete and fair summaries of the matters referred to therein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(xlix)&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;(i) At the time of filing the Registration Statement, (ii)&nbsp;at the time of the most
recent amendment thereto for the purposes of complying with Section&nbsp;10(a)(3) of the Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section&nbsp;13 or 15(d) of the Exchange Act or form of
prospectus), and (iii)&nbsp;at the time the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule 163(c) under the Act) made any offer relating to the Shares in reliance on the exemption of Rule 163 under the
Act, the Company was a &#147;well-known seasoned issuer&#148; as defined in Rule 405 under the Act; and (B)&nbsp;at the earliest time after the filing of the Registration Statement that the Company or another offering participant made a bona fide
offer (within the meaning of Rule 164(h)(2) under the Act) of the Shares, the Company was not an &#147;ineligible issuer&#148; as defined in Rule 405 under the Act; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;The interactive data in eXtensible Business Reporting Language included or incorporated by
reference in the Registration Statement, the Base Prospectus and the Prospectus fairly presents the information called for in all material respects and has been prepared in accordance with the Commission&#146;s rules and guidelines applicable
thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms and conditions herein set forth, (a)&nbsp;the Company agrees to
sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price per Share of $27.54, the number of Firm Shares (to be adjusted by you so as to eliminate fractional
shares) set forth opposite the name of such Underwriter in Schedule I hereto and (b)&nbsp;in the event and to the extent that the Underwriters shall exercise the election to purchase Optional Shares as provided below, the Company agrees to sell to
each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at the purchase price per share set forth in clause (a)&nbsp;of this Section&nbsp;2, that portion of the number of Optional
Shares as to which such election shall have been exercised (to be adjusted by you so as to eliminate fractional shares) determined by multiplying such number of Optional Shares by a fraction, the numerator of which is the maximum number of Optional
Shares which such Underwriter is entitled to purchase as set forth opposite the name of such Underwriter in Schedule I hereto and the denominator of which is the maximum number of Optional Shares that all of the Underwriters are entitled to purchase
hereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Company hereby grants to the Underwriters the right to purchase at their
election up to 1,950,000 Optional Shares, at the applicable purchase price per share set forth in the paragraph above, provided that the purchase price per Optional Share shall be reduced by an amount per share equal to any dividends or
distributions declared by the Company and payable on the Firm Shares but not payable on the Optional Shares. Any such election to purchase Optional Shares may be exercised only by written notice from you to the Company, given within a period of 30
calendar days after the date of this Agreement and setting forth the aggregate number of Optional Shares to be purchased and the date on which such Optional Shares are to be delivered, as determined by you but in no event earlier than the Initial
Time of Delivery (as defined in Section&nbsp;4 hereof) or, unless you and the Company otherwise agree in writing, earlier than two or later than ten business days after the date of such notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;It is understood and agreed that the several Underwriters propose to offer the Firm Shares for sale
upon the terms and conditions set forth in the Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.&nbsp;&nbsp;&nbsp;&nbsp;(a) The Shares to be purchased by
the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Underwriters may request upon at least forty-eight hours&#146; prior notice to the Company shall be delivered by or on behalf of
the Company to the Underwriters, through the facilities of the Depository Trust Company (&#147;DTC&#148;), for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of
Federal <FONT STYLE="white-space:nowrap">(same-day)</FONT> funds to the accounts specified by the Company to the Underwriters at least forty-eight hours in advance. The Company will cause the certificates representing the Shares to be made available
for checking and packaging at least twenty-four hours prior to the Time of Delivery (as defined below) with respect thereto at the office of DTC or its designated custodian (the &#147;Designated Office&#148;). The time and date of such delivery and
payment shall be, with respect to the Firm Shares, 9:30 a.m., New York time, on August&nbsp;20, 2020 or such other time and date as the Underwriters and the Company may agree upon in writing, and, with respect to the Optional Shares, 9:30 a.m., New
York time, on the date specified by the Underwriters in each written notice given by the Underwriters of the Underwriter&#146;s election to purchase such Optional Shares, or such other time and date as the Underwriters and the Company may agree upon
in writing. Such time and date for delivery of the Firm Shares is herein called the &#147;Initial Time of Delivery&#148;, each such time and date for delivery of the Optional Shares, if not the Initial Time of Delivery, is herein called the
&#147;Additional Time of Delivery&#148;, and each such time and date for delivery is herein called a &#147;Time of Delivery&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;The documents to be delivered at each Time of Delivery by or on behalf of the parties hereto
pursuant to Section&nbsp;8 hereof, including the cross receipt for the Shares and any additional documents requested by the Underwriters pursuant to Section&nbsp;8(j) hereof will be delivered at the offices of Paul Hastings LLP, 515 South Flower
Street, Twenty-Fifth Floor, Los Angeles, California 90071, and the Shares will be delivered at the Designated Office, all at such Time of Delivery. For the purposes of this Section&nbsp;4, &#147;New York Business Day&#148; shall mean each Monday,
Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.&nbsp;&nbsp;&nbsp;&nbsp;The Company agrees with each of the Underwriters: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;To prepare the Prospectus in a form approved by you and to file such Prospectus required to be
filed pursuant to Rule 424(b) under the Act not later than the Commission&#146;s close of business on the second business day following the execution and delivery of this Agreement; to make no further amendment or any supplement to the Registration
Statement, the Base </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Prospectus or the Prospectus prior to the last Time of Delivery which shall be disapproved by you promptly after reasonable notice thereof; to advise you, promptly after it receives notice
thereof, of the time when any amendment to the Registration Statement has been filed or becomes effective or any amendment or supplement to the Prospectus has been filed and to furnish you with copies thereof; to file promptly all material required
to be filed by the Company with the Commission pursuant to Rule 433(d) under the Act; to file promptly all other material required to be filed by the Company with the Commission pursuant to Rule 433(d) under the Act; to file promptly all reports and
any definitive proxy or information statements required to be filed by the Company with the Commission pursuant to Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for so long as the delivery of
a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) is required in connection with the offering or sale of the Shares; to advise you, promptly after it receives notice thereof, of the issuance by the Commission of
any stop order or of any order preventing or suspending the use of any Preliminary Prospectus or other prospectus in respect of the Shares, of any notice of objection of the Commission to the use of the Registration Statement or any post-effective
amendment thereto pursuant to Rule 401(g)(2) under the Act, of the suspension of the qualification of the Shares for offering or sale in any jurisdiction, of the initiation or threatening of any proceeding for any such purpose, or of any request by
the Commission for the amending or supplementing of the Registration Statement or the Prospectus or for additional information; and, in the event of the issuance of any stop order or of any order preventing or suspending the use of any Preliminary
Prospectus or other prospectus or suspending any such qualification, to promptly use its best efforts to obtain the withdrawal of such order; and in the event of any such issuance of a notice of objection, promptly to take such steps including,
without limitation, amending the Registration Statement or filing a new registration statement, at its own expense, as may be necessary to permit offers and sales of the Shares by the Underwriters (references herein to the Registration Statement
shall include any such amendment or new registration statement); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;If required by Rule 430B(h)
under the Act, to prepare a form of prospectus in a form approved by you and to file such form of prospectus pursuant to Rule 424(b) under the Act not later than may be required by Rule 424(b) under the Act; and to make no further amendment or
supplement to such form of prospectus which shall be disapproved by you promptly after reasonable notice thereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;If by the third anniversary (the &#147;Renewal Deadline&#148;) of the initial effective date of the
Registration Statement, any of the Shares remain unsold by the Underwriters, the Company will file, if it has not already done so and is eligible to do so, a new automatic shelf registration statement relating to the Shares, in a form satisfactory
to you. If at the Renewal Deadline the Company is no longer eligible to file an automatic shelf registration statement, the Company will, if it has not already done so, file a new shelf registration statement relating to the Shares, in a form
satisfactory to you and will use its best efforts to cause such registration statement to be declared effective within 180 days after the Renewal Deadline. The Company will take all other action necessary or appropriate to permit the public offering
and sale of the Shares to continue as contemplated in the expired registration statement relating to the Shares. References herein to the Registration Statement shall include such new automatic shelf registration statement or such new shelf
registration statement, as the case may be; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;Promptly from time to time to take such action as
you may reasonably request to qualify the Shares for offering and sale under the securities laws of such jurisdictions as you may request and to comply with such laws so as to permit the continuance of sales and dealings therein in such
jurisdictions for as long as may be necessary to complete the distribution of the Shares, provided that in connection therewith the Company shall not be required to qualify as a foreign corporation or to file a general consent to service of process
in any jurisdiction; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;Prior to 10:00 a.m., New York City time, on the
New York Business Day next succeeding the date of this Agreement and from time to time, to furnish the Underwriters with written and electronic copies of the Prospectus in New York City in such quantities as you may reasonably request, and, if the
delivery of a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) is required at any time prior to the expiration of nine months after the time of issue of the Prospectus in connection with the offering or sale of
the Shares and if at such time any event shall have occurred as a result of which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made when such Prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) is delivered, not misleading, or, if for any other reason it shall be
necessary during such same period to amend or supplement the Prospectus or to file under the Exchange Act any document incorporated by reference in the Prospectus in order to comply with the Act or the Exchange Act, to notify you and upon your
request to file such document and to prepare and furnish without charge to each Underwriter and to any dealer in securities as many written and electronic copies as you may from time to time reasonably request of an amended Prospectus or a
supplement to the Prospectus which will correct such statement or omission or effect such compliance; and in case any Underwriter is required to deliver a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) in
connection with sales of any of the Shares at any time nine months or more after the time of issue of the Prospectus, upon your request but at the expense of such Underwriter, to prepare and deliver to such Underwriter as many written and electronic
copies as you may request of an amended or supplemented Prospectus complying with Section&nbsp;10(a)(3) of the Act; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;To pay the required Commission filing fees relating to the Shares within the time required by Rule
456(b)(1) under the Act without regard to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r) under the Act; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;During the period beginning from the date hereof and continuing to and including the date 60 days
after the date of the Prospectus (the &#147;Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period&#148;), not to (A)&nbsp;offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise transfer or
dispose of, directly or indirectly, or file with the Commission a registration statement, prospectus or prospectus supplement under the Act relating to, any securities of the Company that are substantially similar to the Class&nbsp;A Shares,
including but not limited to any options or warrants to purchase Class&nbsp;A Shares or any equity securities similar to the Class&nbsp;A Shares or any securities that are convertible into or exchangeable for, or that represent the right to receive,
Class&nbsp;A Shares or any such substantially similar securities, or publicly disclose the intention to make any offer, sale, pledge, disposition or filing or (B)&nbsp;enter into any swap or other agreement that transfers, in whole or in part, any
of the economic consequences of ownership of the Class&nbsp;A Shares or any such other securities, whether any such transaction described in clause (A)&nbsp;or (B) above is to be settled by delivery of Class&nbsp;A Shares or such other securities,
in cash or otherwise (other than the Shares to be sold hereunder or pursuant to equity incentive plans existing on, or upon the conversion or exchange of convertible or exchangeable securities outstanding as of, the date of this Agreement), without
the prior written consent of the Underwriters; provided, however, that (i)&nbsp;the Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period with respect to any convertible or participating preferred shares shall end 30 days after the date of
the Prospectus; (ii)&nbsp;the issuance by the Company of Class&nbsp;A Shares upon the exercise of an option or warrant or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
the conversion or exchange of a security outstanding on the date hereof and referred to in the Registration Statement, the Base Prospectus, the Pricing Prospectus or the Prospectus;
(iii)&nbsp;the grant of restricted stock, options or other equity awards pursuant to employee benefit plans of the Company referred to in the Registration Statement, the Base Prospectus, the Pricing Prospectus or the Prospectus, provided that the
recipients thereof execute and deliver to the Underwriters a <FONT STYLE="white-space:nowrap">&#147;lock-up&#148;</FONT> agreement substantially in the form of Annex V for the remainder of the Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT>
Period or, in the case of options or restricted stock units, such options or restricted stock units do not become exercisable, or settled, as applicable during the Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period; (iv)&nbsp;any
Class&nbsp;A Shares issued pursuant to any <FONT STYLE="white-space:nowrap">non-employee</FONT> trustee stock plan or dividend reinvestment plan referred to in the Registration Statement, the Base Prospectus, the Pricing Prospectus or the
Prospectus; (v)&nbsp;the filing of a registration statement with the Commission on Form <FONT STYLE="white-space:nowrap">S-8</FONT> relating to the offering of securities in accordance with the terms of an equity incentive plan, employee benefit
plan, employment agreement or similar arrangement; (vi)&nbsp;the establishment (or amendment) of a trading plan pursuant to Rule <FONT STYLE="white-space:nowrap">10b5-1</FONT> under the Exchange Act for the transfer of shares of Class&nbsp;A Shares,
provided that (i)&nbsp;such plan does not provide for the transfer of Class&nbsp;A Shares during the Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period and (ii)&nbsp;to the extent a public announcement or filing under the Exchange Act,
if any, is required of or voluntarily made by or on behalf of the Company regarding the establishment or amendment of such plan, such announcement or filing shall include a statement to the effect that no transfer of Class&nbsp;A Shares may be made
under such plan during the Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period; (vii)&nbsp;any direct or indirect offers, negotiations or discussions of transactions contemplating the issuance of Class&nbsp;A Shares or any securities
convertible into or exercisable or exchangeable for such shares in connection with mergers, acquisitions or joint ventures as contemplated by clause (viii); (viii) the restrictions set forth in clauses (A)&nbsp;and (B) shall not apply to the
issuance by the Company of Class&nbsp;A Shares of up to 10% of the outstanding Class&nbsp;A Shares of the Company as of the date of this Agreement and the issuance by the Operating Partnership of Class&nbsp;A Units of up to 10% of the outstanding
Class&nbsp;A Units as of the date of this Agreement (excluding any Class&nbsp;A Units held by the Company), in each case, in connection with any acquisition transaction, and the filing of a registration statement on Form <FONT
STYLE="white-space:nowrap">S-4</FONT> by the Company relating to such Class&nbsp;A Shares or Class&nbsp;A Units, and the making of a public announcement in respect of, or disclosing the intent to engage in, such transaction; provided, that in the
case of this clause (viii), each recipient of such Class&nbsp;A Shares or Class&nbsp;A Units, if such Class&nbsp;A Shares or Class&nbsp;A Units are to be issued prior to the expiration of the Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT>
Period, shall agree to be subject to the foregoing restrictions for the remainder of the Company <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;To furnish to its shareholders as soon as practicable after the end of each fiscal year an annual
report (including a balance sheet and statements of income, shareholders&#146; equity and cash flows of the Company and its consolidated subsidiaries certified by independent public accountants) and, as soon as practicable after the end of each of
the first three quarters of each fiscal year (beginning with the fiscal quarter ending after the effective date of the Registration Statement), to make available to its shareholders consolidated summary financial information of the Company and its
subsidiaries for such quarter in reasonable detail; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;During a period of three years from the
effective date of the Registration Statement, to furnish to you copies of all reports or other communications (financial or other) furnished to shareholders, and to deliver to you (i)&nbsp;as soon as they are available, copies of any reports and
financial statements furnished to or filed with the Commission or any national securities exchange on which any class of securities of the Company is listed; and (ii)&nbsp;such additional information concerning the business and financial condition
of the Company furnished to or filed with the Commission as you may from time to time reasonably request (such financial statements to be on a consolidated basis to the extent the accounts of the Company and its
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
subsidiaries are consolidated in reports furnished to its shareholders generally or to the Commission); provided, however, that the Company shall not be required to provide documents
(x)&nbsp;that are available on the Company&#146;s website or through the Commission&#146;s Electronic Data Gathering, Analysis and Retrieval system or (y)&nbsp;the provision of which would violate Regulation FD as promulgated under the Exchange Act
unless otherwise disclosed in a manner reasonably designed to provide broad, <FONT STYLE="white-space:nowrap">non-exclusionary</FONT> distribution of the information to the public; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;To use the net proceeds received by it from the sale of the Shares pursuant to this Agreement in
the manner specified in the Pricing Prospectus under the caption &#147;Use of Proceeds&#148;; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;To use its best efforts to list the Shares for trading, subject to official notice of issuance, on
the New York Stock Exchange (the &#147;Exchange&#148;) and to maintain such listing; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;To file
with the Commission such information on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> or Form <FONT STYLE="white-space:nowrap">10-K</FONT> as may be required by Rule 463 under the Act; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;Upon request of any Underwriter, to furnish, or cause to be furnished, to such Underwriter an
electronic version of the Company&#146;s trademarks, servicemarks and corporate logo for use on the website, if any, operated by such Underwriter for the purpose of facilitating the <FONT STYLE="white-space:nowrap">on-line</FONT> offering of the
Shares (the &#147;License&#148;); provided, however, that the License shall be used solely for the purpose described above, is granted without any fee and may not be assigned or transferred. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">6.&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company represents and agrees that, without the prior consent of the Underwriters, it has
not made and will not make any offer relating to the Shares that would constitute a &#147;free writing prospectus&#148; as defined in Rule 405 under the Act; and each Underwriter represents and agrees that, without the prior consent of the Company,
it has not made and will not make any offer relating to the Shares that would constitute a free writing prospectus; any such free writing prospectus the use of which has been consented to by the Company and the Underwriters is listed on Schedule
II(a) hereto; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Company has complied and will comply with the requirements of Rule 433 under
the Act applicable to any Issuer Free Writing Prospectus, including timely filing with the Commission or retention where required and legending; and the Company represents that it has satisfied and agrees that it will satisfy the conditions under
Rule 433 under the Act to avoid a requirement to file with the Commission any electronic road show; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;The Company agrees that if at any time following issuance of an Issuer Free Writing Prospectus any
event occurred or occurs as a result of which such Issuer Free Writing Prospectus would conflict with the information in the Registration Statement, the Base Prospectus, the Pricing Prospectus or the Prospectus or would include an untrue statement
of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances then prevailing, not misleading, the Company will give prompt notice thereof to the Underwriters and, if
requested by the Underwriters, will prepare and furnish without charge to the Underwriters an Issuer Free Writing Prospectus or other document which will correct such conflict, statement or omission; provided, however, that this representation and
warranty shall not apply to any statements or omissions in an Issuer Free Writing Prospectus made in reliance upon and in conformity with information furnished in writing to the Company by the Underwriters expressly for use therein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7.&nbsp;&nbsp;&nbsp;&nbsp;The Company covenants and agrees with the several
Underwriters that the Company will pay or cause to be paid the following: (i)&nbsp;the fees, disbursements and expenses of the Company&#146;s counsel and accountants in connection with the registration of the Shares under the Act and all other
expenses in connection with the preparation, printing, reproduction and filing of the Registration Statement, the Base Prospectus, any Preliminary Prospectus, any Issuer Free Writing Prospectus and the Prospectus and amendments and supplements
thereto and the mailing and delivering of copies thereof to the Underwriters and dealers; (ii)&nbsp;the cost of printing or producing any agreement among the Underwriters, this Agreement, the Blue Sky Memorandum, closing documents (including any
compilations thereof) and any other documents in connection with the offering, purchase, sale and delivery of the Shares; (iii)&nbsp;all fees and expenses in connection with listing the Shares on the Exchange; (iv)&nbsp;the cost of preparing share
certificates, if any; (v)&nbsp;the cost and charges of any transfer agent or registrar; (vi)&nbsp;the costs and expenses of the Company relating to investor presentations on any &#147;road show&#148; undertaken in connection with the marketing of
the Shares, including without limitation, expenses associated with the production of road show slides and graphics and fees and expenses of any consultants engaged in connection with the road show presentations; and (vii)&nbsp;all other costs and
expenses incident to the performance of its obligations hereunder which are not otherwise specifically provided for in this Section. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.&nbsp;&nbsp;&nbsp;&nbsp;The obligations of the Underwriters hereunder, as to the Shares to be delivered at each Time of
Delivery, shall be subject, in their discretion, to the condition that all representations and warranties and other statements of the Company herein are, at and as of such Time of Delivery, true and correct, the condition that the Company shall have
performed all of its obligations hereunder theretofore to be performed, and the following additional conditions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Prospectus shall have been filed with the Commission pursuant to Rule 424(b) under the Act
within the applicable time period prescribed for such filing by the rules and regulations under the Act and in accordance with Section&nbsp;5(a) hereof; all material required to be filed by the Company pursuant to Rule 433(d) under the Act shall
have been filed with the Commission within the applicable time period prescribed for such filing by Rule 433; no stop order suspending the effectiveness of the Registration Statement or any part thereof shall have been issued and no proceeding for
that purpose shall have been initiated or threatened by the Commission and no notice of objection of the Commission to the use of the Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act shall have
been received; no stop order suspending or preventing the use of the Prospectus or any Issuer Free Writing Prospectus shall have been initiated or threatened by the Commission; and all requests for additional information on the part of the
Commission shall have been complied with to your reasonable satisfaction; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;Paul Hastings LLP,
counsel for the Underwriters, shall have furnished to you such written opinion and negative assurance letter, dated such Time of Delivery, in form and substance satisfactory to you, with respect to such matters as you may reasonably request, and
such counsel shall have received such papers and information as they may reasonably request to enable them to pass upon such matters; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;(x) Hogan Lovells US LLP, counsel for the Company, shall have furnished to you their written
opinion and negative assurance letter substantially in the forms attached as Annexes II(a) and (b)&nbsp;hereto, respectively, and (y)&nbsp;Fried, Frank, Harris, Shriver&nbsp;&amp; Jacobson LLP shall have furnished to you their written tax opinion
substantially in the form attached as Annex II(c) hereto, each dated such Time of Delivery; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;On the date of the Prospectus at a time prior to
the execution of this Agreement, at 9:30 a.m., New York City time, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each Time of Delivery, Ernst&nbsp;&amp;
Young LLP shall have furnished to you a comfort letter or letters with respect to certain financial information of the Company and the Company Subsidiaries dated the respective dates of delivery thereof, in form and substance satisfactory to you
(the form of the letter delivered prior to the execution of this Agreement is attached as Annex I hereto); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;(i) Neither the Company nor any Company Subsidiary shall have sustained since the date of the
latest audited financial statements included or incorporated by reference in the Pricing Prospectus any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor
dispute or court or governmental action, order or decree, otherwise than as set forth or contemplated in the Pricing Prospectus, and (ii)&nbsp;since the respective dates as of which information is given in the Pricing Prospectus there shall not have
been any change in the equity shares (or limited liability company or partnership interests, as applicable) or long-term debt of the Company or any Company Subsidiary or any change, or any development involving a prospective change, in or affecting
the general affairs, management, financial position, shareholders&#146; equity or results of operations of the Company and the Company Subsidiaries, taken as a whole, otherwise than as set forth or contemplated in the Pricing Prospectus, the effect
of which, in any such case described in clause (i)&nbsp;or (ii), is in your judgment so material and adverse as to make it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being delivered at such Time of
Delivery on the terms and in the manner contemplated in the Pricing Prospectus; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;On or after
the Applicable Time (i)&nbsp;no downgrading shall have occurred in the rating accorded the Company&#146;s debt securities or preferred shares by any &#147;nationally recognized statistical rating organization,&#148; as defined in
Section&nbsp;3(a)(62) of the Exchange Act, and (ii)&nbsp;no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company&#146;s debt securities or
preferred shares; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;On or after the Applicable Time there shall not have occurred any of the
following: (i)&nbsp;a suspension or material limitation in trading in securities generally on the Exchange or the Nasdaq Global Market; (ii)&nbsp;a suspension or material limitation in trading in the Company&#146;s securities on the Exchange;
(iii)&nbsp;a general moratorium on commercial banking activities declared by either Federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States;
(iv)&nbsp;the outbreak or escalation of hostilities involving the United States or the declaration by the United States of a national emergency or war or (v)&nbsp;the occurrence of any other calamity or crisis or any change in financial, political
or economic conditions in the United States or elsewhere, if the effect of any such event specified in clause (iv)&nbsp;or (v) in your judgment makes it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares
being delivered at such Time of Delivery on the terms and in the manner contemplated in the Prospectus; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall have delivered to the Underwriters certificates executed by the chief operating
officer and chief financial officer of the Company, dated as of the date this Agreement and as of such Time of Delivery, substantially in the form attached as Annex III and Annex IV, respectively, hereto in form and substance satisfactory to you;
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall have complied with the
provisions of Section&nbsp;5(e) hereof with respect to the furnishing of prospectuses on the New York Business Day next succeeding the date of this Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall have furnished or caused to be furnished to you at such Time of Delivery
certificates of officers of the Company reasonably satisfactory to you as to the accuracy of the representations and warranties of the Company herein at and as of such Time of Delivery, as to the performance by the Company of all of its obligations
hereunder to be performed at or prior to such Time of Delivery, as to such other matters as you may reasonably request, and the Company shall have furnished or caused to be furnished certificates as to the matters set forth in subsections
(a)&nbsp;and (e) of this Section&nbsp;8; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;The Shares to be sold at such Time of Delivery shall
have been duly listed, subject to official notice of issuance, on the Exchange; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have delivered to the Underwriters executed copies of a <FONT STYLE="white-space:nowrap">lock-up</FONT> agreement from each person listed on Schedule IV hereto, substantially in the form attached as Annex V in form and substance
satisfactory to you. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">9.&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company and the Operating Partnership agree, jointly and
severally, to indemnify and hold harmless each Underwriter, its affiliates (as such term is defined in Rule 405), directors and officers, agents and employees and each person, if any, who controls, is under common control with or is controlled by,
such Underwriter within the meaning of Section&nbsp;15 of the Act or Section&nbsp;20 of the Exchange Act as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;against any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising out
of any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement (or any amendment thereto), or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to
make the statements therein not misleading, or arising out of any untrue statement or alleged untrue statement of a material fact included in the Base Prospectus, any Preliminary Prospectus, the Pricing Prospectus or the Prospectus, or any amendment
or supplement thereto, any Issuer Free Writing Prospectus or any &#147;issuer information&#148; filed or required to be filed pursuant to Rule 433(d) under the Act (or any amendment or supplement thereto), or the omission or alleged omission
therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;to the extent that any such expense is not paid under clause (i)&nbsp;of this Section&nbsp;9(a),
against any and all loss, liability, claim, damage and expense whatsoever, as incurred, to the extent of the aggregate amount paid in settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, or of any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission, described in clause (i)&nbsp;of this Section&nbsp;9(a); provided, that (subject to Section&nbsp;9(d) below)
any such settlement is effected with the written consent of the Company, which consent shall not unreasonably be delayed or withheld; provided, however, that for the avoidance of doubt, any indemnification provided under this Section&nbsp;9(a) shall
not be duplicative; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;to the extent that any such expense is not paid under clause
(i)&nbsp;or clause (ii)&nbsp;of this Section&nbsp;9(a), against any and all expense whatsoever, as incurred (including the fees and disbursements of one counsel (in addition to any local counsel)), reasonably incurred in
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon
any such untrue statement or omission, or any such alleged untrue statement or omission, described in clause (i)&nbsp;of this Section&nbsp;9(a); provided, however, that for the avoidance of doubt, any indemnification provided under this
Section&nbsp;9(a) shall not be duplicative; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">provided, however, that Company and the Operating Partnership shall not be liable in any such
case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in the Registration Statement, the Base Prospectus, any Preliminary
Prospectus, the Pricing Prospectus or the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, in reliance upon and in conformity with written information furnished to the Company by the Underwriters expressly
for use therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;Each Underwriter agrees to indemnify and hold harmless the Company and its
trustees, the Operating Partnership and each officer of the Company who signed the Registration Statement, and each person, if any, who (i)&nbsp;controls the Company or the Operating Partnership within the meaning of Section&nbsp;15 of the Act or
Section&nbsp;20 of the Exchange Act or (ii)&nbsp;is controlled by or is under common control with the Company or the Operating Partnership against any and all loss, liability, claim, damage and expense described in the indemnity contained in
Section&nbsp;9(a), as incurred, but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement, the Base Prospectus, any Preliminary Prospectus, the Pricing Prospectus or the
Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus or any &#147;issuer information&#148; filed or required to be filed pursuant to Rule 433(d) under the Act, in reliance upon and in conformity with information
relating to the Underwriters and furnished to the Company and the Operating Partnership in writing by the Underwriters expressly for use therein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;Any party that proposes to assert the right to be indemnified under this Section&nbsp;9 will,
promptly as reasonably practicable after receipt of notice of commencement of any action against such party in respect of which a claim is to be made against an indemnifying party or parties under this Section&nbsp;9, notify each such indemnifying
party of the commencement of such action, but the obligation to notify such indemnifying party will not relieve the indemnifying party from (i)&nbsp;any liability that it might have to any indemnified party otherwise than under this Section&nbsp;9,
and (ii)&nbsp;any liability that it may have to any indemnified party under the foregoing provision of this Section&nbsp;9 unless, and only to the extent that, such omission results in the forfeiture or material impairment of substantive rights or
defenses by the indemnifying party. If any such action is brought against any indemnified party, and it notifies the indemnifying party of its commencement, the indemnifying party will be entitled to participate in and, to the extent that it elects
by delivering written notice to the indemnified party promptly after receiving notice of the commencement of the action from the indemnified party, jointly with any other indemnifying party similarly notified, to assume the defense of the action,
with counsel reasonably satisfactory to the indemnified party, and after notice from the indemnifying party to the indemnified party of its election to assume the defense, the indemnifying party will not be liable to the indemnified party for any
legal or other expenses except as provided below and except for the reasonable costs of investigation subsequently incurred by the indemnified party in connection with the defense. The indemnified party will have the right to employ its own counsel
in any such action, but the fees, expenses and other charges of such counsel will be at the expense of such indemnified party unless (1)&nbsp;the employment of counsel by the indemnified party has been authorized in writing by the indemnifying
party, (2)&nbsp;the indemnified party has reasonably concluded (based on advice of legal counsel to the indemnified party) that there may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
be legal defenses available to it or other indemnified parties that are different from or in addition to those available to the indemnifying party, (3)&nbsp;a conflict or potential conflict
exists (based on advice of legal counsel to the indemnified party) between the indemnified party and the indemnifying party (in which case the indemnifying party will not have the right to direct the defense of such action on behalf of the
indemnified party), or (4)&nbsp;the indemnifying party has not in fact employed counsel to assume the defense of such action within a reasonable time after receiving notice of the commencement of the action, in each of which cases the reasonable
fees, disbursements and other charges of counsel will be at the expense of the indemnifying party or parties. It is understood that the indemnifying party or parties shall not, in connection with any proceeding or related proceedings in the same
jurisdiction, be liable for the reasonable fees, disbursements and other charges of more than one separate firm admitted to practice in such jurisdiction at any one time for all such indemnified party or parties. All such fees, disbursements and
other charges will be reimbursed by the indemnifying party promptly after the indemnifying party receives a written invoice relating to fees, disbursements and other charges in reasonable detail. An indemnifying party will not, in any event, be
liable for any settlement of any action or claim effected without its written consent. Notwithstanding the foregoing sentence, if an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for reasonable fees
and expenses of counsel for which it is entitled to be reimbursed under this Section&nbsp;9, such indemnifying party agrees that it shall be liable for any settlement of the nature contemplated by this Section&nbsp;9(a) effected without its written
consent if (i)&nbsp;such settlement is entered into more than 45 days after receipt by such indemnifying party of the aforesaid request, (ii)&nbsp;such indemnifying party shall have received notice of the terms of such settlement at least 30 days
prior to such settlement being entered into, and (iii)&nbsp;such indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement. No indemnifying party shall, without the prior
written consent of each indemnified party, settle or compromise or consent to the entry of any judgment in any pending or threatened claim, action or proceeding relating to the matters contemplated by this Section&nbsp;9 (whether or not any
indemnified party is a party thereto), unless such settlement, compromise or consent (x)&nbsp;includes an unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim, and
(y)&nbsp;does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;In order to provide for just and equitable contribution in circumstances in which the
indemnification provided for in the foregoing paragraphs of this Section&nbsp;9 is applicable in accordance with its terms but for any reason is held to be unavailable from the Company and the Operating Partnership, on the one hand, or the
Underwriters, on the other hand, the Company and the Operating Partnership, on the one hand, and the Underwriters, on the other hand, will contribute to the total losses, claims, liabilities, expenses and damages (including any investigative, legal
and other expenses reasonably incurred in connection with, and any amount paid in settlement of, any action, suit or proceeding or any claim asserted, but after deducting any contribution received by the Company and the Operating Partnership and
applied towards such losses, claims, liabilities, expenses and damages from persons other than the Underwriters, such as persons who control the Company and the Operating Partnership within the meaning of the Act, officers of the Company who signed
the Registration Statement and directors of the Company and the Operating Partnership, who also may be liable for contribution) to which the Company and the Operating Partnership, on the one hand, and the Underwriters, on the other hand, may be
subject in such proportion as shall be appropriate to reflect the relative benefits received by the Company, on the one hand, and the Underwriters, on the other hand. The relative benefits received by the Company and the Operating
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Partnership, on the one hand, and the Underwriters, on the other hand, shall be deemed to be in the same proportion as the total net proceeds from the sale of the Shares (before deducting
expenses) received by the Company bear to the total compensation received by the Underwriters (before deducting expenses) from the sale of Shares on behalf of the Company. If, but only if, the allocation provided by the foregoing sentence is not
permitted by applicable law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative benefits referred to in the foregoing sentence but also the relative fault of the Company and the
Operating Partnership, on the one hand, and the Underwriters, on the other hand, with respect to the statements or omissions that resulted in such loss, claim, liability, expense or damage, or action in respect thereof, as well as any other relevant
equitable considerations with respect to such offering. Such relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a
material fact relates to information supplied by the Company or the Underwriters, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission. The Company and the
Operating Partnership, on the one hand, and the Underwriters, on the other hand, agree that it would not be just and equitable if contributions pursuant to this subsection were to be determined by pro rata allocation or by any other method of
allocation that does not take into account the equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, liability, expense, or damage, or action in respect thereof, referred to
above in this subsection shall be deemed to include, for the purpose of this subsection, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim to the extent
consistent with subsection (c)&nbsp;hereof. Notwithstanding the foregoing provisions of this subsection, no Underwriter shall be required to contribute any amount in excess of the commissions received by such Underwriter under this Agreement and no
person found guilty of fraudulent misrepresentation (within the meaning of Section&nbsp;11(f) of the Act) will be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this subsection, any
person who controls a party to this Agreement within the meaning of the Act, and any officers, directors, partners, employees or agents of the Underwriters, will have the same rights to contribution as that party, and each officer and director of
the Company who signed the Registration Statement will have the same rights to contribution as the Company and the Operating Partnership, subject in each case to the provisions hereof. Any party entitled to contribution, promptly after receipt of
notice of commencement of any action against such party in respect of which a claim for contribution may be made under this subsection, will notify any such party or parties from whom contribution may be sought, but the omission to so notify will
not relieve that party or parties from whom contribution may be sought from any other obligation it or they may have under this subsection except to the extent that the failure to so notify such other party materially prejudiced the substantive
rights or defenses of the party from whom contribution is sought. Except for a settlement entered into pursuant to the last sentence of subsection (c)&nbsp;hereof, no party will be liable for contribution with respect to any action or claim settled
without its written consent if such consent is required pursuant to subsection (c)&nbsp;hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;The obligations of the Company and the Operating Partnership under this Section&nbsp;9 shall be in
addition to any liability which the Company and the Operating Partnership may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of each Underwriter and each person, if any, who controls any Underwriter
within the meaning of the Act and each broker-dealer affiliate of any Underwriter; and the obligations of the Underwriters under this Section&nbsp;9 shall be in addition to any liability which the respective Underwriters may otherwise have and shall
extend, upon the same terms and conditions, to each officer, trustee and director of the Company and the Operating Partnership and to each person, if any, who controls the Company or the Operating Partnership within the meaning of the Act. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">10.&nbsp;&nbsp;&nbsp;&nbsp;(a) If any Underwriter shall default in its
obligation to purchase the Shares that it has agreed to purchase hereunder at a Time of Delivery, you may in your discretion arrange for you or another party or other parties to purchase such Shares on the terms contained herein. If within <FONT
STYLE="white-space:nowrap">thirty-six</FONT> hours after such default by any Underwriter you do not arrange for the purchase of such Shares, then the Company shall be entitled to a further period of <FONT STYLE="white-space:nowrap">thirty-six</FONT>
hours within which to procure another party or other parties satisfactory to you to purchase such Shares on such terms. In the event that, within the respective prescribed periods, you notify the Company that you have so arranged for the purchase of
such Shares, or the Company notifies you that it has so arranged for the purchase of such Shares, you or the Company shall have the right to postpone such Time of Delivery for a period of not more than seven days, in order to effect whatever changes
may thereby be made necessary in the Registration Statement or the Prospectus, or in any other documents or arrangements, and the Company agrees to file promptly any amendments or supplements to the Registration Statement or the Prospectus which in
your opinion may thereby be made necessary. The term &#147;Underwriter&#148; as used in this Agreement shall include any person substituted under this Section with like effect as if such person had originally been a party to this Agreement with
respect to such Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;If, after giving effect to any arrangements for the purchase of the
Shares of a defaulting Underwriter or Underwriters by you, the Company as provided in subsection (a)&nbsp;above, the aggregate number of such Shares which remains unpurchased does not exceed <FONT STYLE="white-space:nowrap">one-eleventh</FONT> of
the aggregate number of all the Shares to be purchased at such Time of Delivery, then the Company shall have the right to require each <FONT STYLE="white-space:nowrap">non-defaulting</FONT> Underwriter to purchase the number of Shares which such
Underwriter agreed to purchase hereunder at such Time of Delivery and, in addition, to require each <FONT STYLE="white-space:nowrap">non-defaulting</FONT> Underwriter to purchase its pro rata share (based on the number of Shares which such
Underwriter agreed to purchase hereunder) of the Shares of such defaulting Underwriter or Underwriters for which such arrangements have not been made; but nothing herein shall relieve a defaulting Underwriter from liability for its default. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;If, after giving effect to any arrangements for the purchase of the Shares of a defaulting
Underwriter or Underwriters by you, the Company as provided in subsection (a)&nbsp;above, the aggregate number of such Shares which remains unpurchased exceeds <FONT STYLE="white-space:nowrap">one-eleventh</FONT> of the aggregate number of all of
the Shares to be purchased at such Time of Delivery, or if the Company shall not exercise the right described in subsection (b)&nbsp;above to require <FONT STYLE="white-space:nowrap">non-defaulting</FONT> Underwriters to purchase Shares of a
defaulting Underwriter or Underwriters, then this Agreement (or, with respect to an Additional Time of Delivery, the obligations of the Underwriters to purchase and of the Company to sell the Optional Shares) shall thereupon terminate, without
liability on the part of any <FONT STYLE="white-space:nowrap">non-defaulting</FONT> Underwriter or the Company, except for the expenses to be borne by the Company and the Underwriters as provided in Section&nbsp;7 hereof and the indemnity and
contribution agreements in Section&nbsp;9 hereof; but nothing herein shall relieve a defaulting Underwriter from liability for its default. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">11.&nbsp;&nbsp;&nbsp;&nbsp;The respective indemnities, rights of contribution, agreements, representations, warranties and
other statements of the Company and the several Underwriters, as set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall remain in full force and effect, regardless of any investigation (or any
statement as to the results thereof) made by or on behalf of any Underwriter or any controlling person of any Underwriter or the Company or any officer or trustee or controlling person of the Company, and shall survive delivery of and payment for
the Shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">12.&nbsp;&nbsp;&nbsp;&nbsp;If this Agreement shall be terminated pursuant to
Section&nbsp;10 hereof, neither the Company nor the Operating Partnership shall then be under any liability to any defaulting Underwriter except as provided in Sections 7 and 9 hereof; but, if for any other reason any Shares are not delivered by or
on behalf of the Company as provided herein, the Company and the Operating Partnership will reimburse the Underwriters through you for all <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses
approved in writing by you, including fees and disbursements of counsel, reasonably incurred by the Underwriters in making preparations for the purchase, sale and delivery of the Shares not so delivered, but the Company and the Operating Partnership
shall then be under no further liability to any Underwriter except as provided in Sections 7 and 9 hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">13.&nbsp;&nbsp;&nbsp;&nbsp;In all dealings hereunder, you shall act on behalf of each of the Underwriters, and the parties
hereto shall be entitled to act and rely upon any statement, request, notice or agreement on behalf of any Underwriter made or given by you jointly. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">14.&nbsp;&nbsp;&nbsp;&nbsp;In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. <FONT
STYLE="white-space:nowrap">107-56</FONT> (signed into law October&nbsp;26, 2001)), the Underwriters are required to obtain, verify and record information that identifies their respective clients, including the Company, which information may include
the name and address of their respective clients, as well as other information that will allow the Underwriters to properly identify their respective clients. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">All statements, requests, notices and agreements hereunder shall be in writing, and if to the Underwriters shall be delivered
or sent by mail, telex or facsimile transmission to BofA Securities, Inc., One Bryant Park, New York, New York 10036, Facsimile: (646) <FONT STYLE="white-space:nowrap">855-3073,</FONT> Attention: Syndicate Department, with a copy to: Facsimile:
(212) <FONT STYLE="white-space:nowrap">230-8730,</FONT> Attention: ECM Legal, and Morgan Stanley&nbsp;&amp; Co. LLC, 1585 Broadway, New York, New York 10036, Attention: Equity Syndicate Desk, with a copy to the Legal Department; and if to the
Company shall be delivered or sent by mail, telex or facsimile transmission to the address of the Company set forth on the cover of the Registration Statement, Attention: Chief Legal Officer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">15.&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be binding upon, and inure solely to the benefit of, the Underwriters, the
Company and the Operating Partnership and, to the extent provided in Sections 9 and 11 hereof, the officers or trustees of the Company and each person who controls the Company or any Underwriter, and their respective heirs, executors,
administrators, successors and assigns, and no other person shall acquire or have any right under or by virtue of this Agreement. No purchaser of any of the Shares from any Underwriter shall be deemed a successor or assign by reason merely of such
purchase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">16.&nbsp;&nbsp;&nbsp;&nbsp;Time shall be of the essence of this Agreement. As used herein, the term
&#147;business day&#148; shall mean any day when the Commission&#146;s office in Washington, D.C. is open for business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">17.&nbsp;&nbsp;&nbsp;&nbsp;The Company and the Operating Partnership acknowledge and agree that (i)&nbsp;the purchase and sale
of the Shares pursuant to this Agreement is an <FONT STYLE="white-space:nowrap">arm&#146;s-length</FONT> commercial transaction between the Company and the Operating Partnership, on the one hand, and the several Underwriters, on the other, and does
not constitute a recommendation, investment advice, or solicitation of any action by the Underwriters, (ii)&nbsp;in connection therewith and with the process leading to such transaction each Underwriter is acting solely as a principal and not the
agent or fiduciary of the Company or the Operating Partnership, (iii)&nbsp;no Underwriter has </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
assumed an advisory or fiduciary responsibility in favor of the Company or the Operating Partnership with respect to the offering contemplated hereby or the process leading thereto (irrespective
of whether such Underwriter has advised or is currently advising the Company on other matters) or any other obligation to the Company or the Operating Partnership except the obligations expressly set forth in this Agreement, (iv)&nbsp;the
Underwriters have not provided any legal, accounting, regulatory, investment or tax advice with respect to the offering of the Securities and each of the Company and the Operating Partnership has consulted its own legal, accounting, regulatory, tax
and financial advisors to the extent it deemed appropriate and (v)&nbsp;none of the activities of the Underwriters in connection with the transactions contemplated herein constitutes a recommendation, investment advice or solicitation of any action
by the Underwriters with respect to any entity or natural person. Each of the Company and the Operating Partnership agrees that it will not claim that the Underwriters, or any of them, has rendered advisory services of any nature or respect, or owes
a fiduciary or similar duty to the Company or the Operating Partnership, in connection with such transaction or the process leading thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">18.&nbsp;&nbsp;&nbsp;&nbsp;This Agreement supersedes all prior agreements and understandings (whether written or oral) between
the Company, the Operating Partnership and the Underwriters, or any of them, with respect to the subject matter hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">19.&nbsp;&nbsp;&nbsp;&nbsp;<B>This Agreement and any claim, controversy or dispute arising under or related to this Agreement
shall be governed by and construed in accordance with the laws of the State of New York.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">20.&nbsp;&nbsp;&nbsp;&nbsp;<B>EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL
COURTS SITTING IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH ANY TRANSACTION CONTEMPLATED HEREBY, AND HEREBY IRREVOCABLY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUIT, ACTION OR
PROCEEDING, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF ANY SUCH COURT, THAT SUCH SUIT, ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM OR THAT THE VENUE OF SUCH SUIT, ACTION OR PROCEEDING IS IMPROPER. EACH PARTY
HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH SUIT, ACTION OR PROCEEDING BY MAILING A COPY THEREOF (CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED) TO SUCH PARTY AT THE ADDRESS IN
EFFECT FOR NOTICES TO IT UNDER THIS AGREEMENT AND AGREES THAT SUCH SERVICE SHALL CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS IN ANY
MANNER PERMITTED BY LAW.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">21.&nbsp;&nbsp;&nbsp;&nbsp;The Company, the Operating Partnership and each of the
Underwriters hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">22.&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be executed by any one or more of the parties hereto in any number of
counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. The words &#147;execution,&#148; &#147;signed,&#148; &#147;signature,&#148; and words of like import in
this Agreement or in any other certificate, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
agreement or document related to this Agreement or the offering and sale of the Placement Shares shall include images of manually executed signatures transmitted by facsimile or other electronic
format (including, without limitation, &#147;pdf&#148;, &#147;tif&#148; or &#147;jpg&#148;) and other electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including,
without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based
record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law,
including, without limitation, any state law based on the Uniform Electronic Transactions Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">23.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, the Company is authorized to disclose to any
persons the U.S. federal and state income tax treatment and tax structure of the potential transaction and all materials of any kind (including tax opinions and other tax analyses) provided to the Company relating to that treatment and structure,
without the Underwriters imposing any limitation of any kind. However, any information relating to the tax treatment and tax structure shall remain confidential (and the foregoing sentence shall not apply) to the extent necessary to enable any
person to comply with securities laws. For this purpose, &#147;tax structure&#148; is limited to any facts that may be relevant to that treatment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">24.&nbsp;&nbsp;&nbsp;&nbsp;Recognition of the U.S. Special Resolution Regimes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;In the event that any Underwriter that is a Covered Entity (as defined below) becomes subject to a
proceeding under a U.S. Special Resolution Regime (as defined below), the transfer from such Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be
effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;In the event that any Underwriter that is a Covered Entity (as defined below) or a BHC Act
Affiliate (as defined below) of such Underwriter becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights (as defined below) under this Agreement that may be exercised against such Underwriter are permitted to be
exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For purposes of this <U>Section</U><U></U><U>&nbsp;24</U>, (w) the term &#147;<U>BHC Act Affiliate</U>&#148; has the meaning
assigned to the term &#147;affiliate&#148; in, and shall be interpreted in accordance with, 12 U.S.C. &#167; 1841(k); (x) the term &#147;<U>Covered Entity</U>&#148; means any of the following: (i)&nbsp;a &#147;<U>covered entity</U>&#148; as that
term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 252.82(b); (ii) a &#147;<U>covered bank</U>&#148; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 47.3(b); or (iii)&nbsp;a &#147;<U>covered
FSI</U>&#148; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 382.2(b); (y) the term &#147;<U>Default Right</U>&#148; has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R.
&#167;&#167; 252.81, 47.2 or 382.1, as applicable; and (z)&nbsp;the term &#147;U.S. Special Resolution Regime&#148; means each of (i)&nbsp;the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii)&nbsp;Title II of the
Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature pages follow] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the foregoing is in accordance with your understanding, please sign and
return to us two counterparts hereof, and upon the acceptance hereof by you, this letter and such acceptance hereof shall constitute a binding agreement among each of the Underwriters, the Company and the Operating Partnership. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Very truly yours,</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">AMERICAN HOMES 4 RENT</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ David P.
Singelyn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">David P. Singelyn</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Chief Executive Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">AMERICAN HOMES 4 RENT, LP.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">American Homes 4 Rent, its sole General Partner</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ David P. Singelyn</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">David P. Singelyn</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Chief Executive Officer</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signatures Continue on Following Page] </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">CONFIRMED AND ACCEPTED, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">as of the date first above written: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="78%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BOFA SECURITIES, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ Chris
Porter&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Chris Porter</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Managing Director</P></TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="75%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">MORGAN STANLEY&nbsp;&amp; CO. LLC</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ Jon
Sierant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Name:&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Jon Sierant</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Executive Director</P></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>d42421dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="33%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt ; margin-bottom:0pt" ALIGN="justify">


<IMG SRC="g42421g0819055132895.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Hogan Lovells US LLP</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Columbia Square</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">555 Thirteenth
Street, NW</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Washington, DC 20004</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">T +1 202 637 5600</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">F +1 202 637
5910</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">www.hoganlovells.com</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August&nbsp;19, 2020 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Board of
Trustees </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">American Homes 4 Rent </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">30601 Agoura Road, Suite 200
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Agoura Hills, California 91301 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Ladies and
Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We are acting as counsel to American Homes 4 Rent, a Maryland real estate investment trust (the &#147;<B>Company</B>&#148;),
in connection with the issuance and sale of up to 14,950,000 Class&nbsp;A common shares of beneficial interest, $0.01 par value per share of the Company (including 1,950,000 shares that may be issued upon the exercise of the underwriters&#146;
option to purchase additional shares) (the &#147;<B>Class</B><B></B><B>&nbsp;A</B> c<B>ommon shares</B>&#148;), pursuant to the terms of the Underwriting Agreement dated August&nbsp;17, 2020 among the Company, American Homes 4 Rent, L.P. and BofA
Securities, Inc. and Morgan Stanley&nbsp;&amp; Co. LLC (the &#147;<B>Underwriting Agreement</B>&#148;). The offering of the Class&nbsp;A common shares by the Company is being made pursuant to a prospectus supplement dated August&nbsp;17, 2020 and
the accompanying prospectus dated June&nbsp;17, 2020 (such documents, collectively, the &#147;<B>Prospectus</B>&#148;) that form part of the Company&#146;s effective registration statement on Form <FONT STYLE="white-space:nowrap">S-3</FONT> (File <FONT
STYLE="white-space:nowrap">No.&nbsp;333-239227)</FONT> (the &#147;<B>Registration Statement</B>&#148;). This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item&nbsp;601(b)(5) of Regulation <FONT
STYLE="white-space:nowrap">S-K,</FONT> 17&nbsp;C.F.R. &#167;&nbsp;229.601(b)(5), in connection with the Registration Statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For
purposes of this opinion letter, we have examined copies of such agreements, instruments and documents as we have deemed an appropriate basis on which to render the opinion hereinafter expressed.&nbsp;In our examination of the aforesaid documents,
we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of all documents submitted to us, the authenticity of all original documents, and the conformity to authentic original
documents of all documents submitted to us as copies (including pdfs). We also have assumed that the Class&nbsp;A common shares will not be issued in violation of the ownership limits contained in the Company&#146;s Articles of Amendment and
Restatement of Declaration of Trust, as amended. As to all matters of fact, we have relied on the representations and statements of fact made in the documents so reviewed, and we have not independently established the facts so relied on. This
opinion letter is given, and all statements herein are made, in the context of the foregoing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">Hogan Lovells US LLP is a
limited liability partnership registered in the District of Columbia. &#147;Hogan Lovells&#148; is an international legal practice that includes Hogan Lovells US LLP and Hogan Lovells International LLP, with offices in: Alicante Amsterdam Baltimore
Beijing Birmingham Boston Brussels Colorado Springs Denver Dubai Dusseldorf Frankfurt Hamburg Hanoi Ho Chi Minh City Hong Kong Houston Johannesburg London Los Angeles Luxembourg Madrid Mexico City Miami Milan Minneapolis Monterrey Moscow Munich New
York Northern Virginia Paris Perth Philadelphia Rome San Francisco S&#227;o Paulo Shanghai Silicon Valley Singapore Sydney Tokyo Warsaw Washington, D.C. Associated Offices: Budapest Jakarta Riyadh Shanghai FTZ Ulaanbaatar Zagreb. Business Service
Centers: Johannesburg Louisville. Legal Services Center: Berlin. For more information see www.hoganlovells.com </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="33%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Board of Trustees</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">American Homes 4
Rent</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> -&nbsp;
 2
&nbsp;-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">August 19, 2020</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This opinion letter is based as to matters of law solely on the applicable provisions of
Title 8 of the Corporations and Associations Article&nbsp;of the Annotated Code of Maryland, as amended, currently in effect. We express no opinion herein as to any other statutes, rules, or regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Based upon, subject to and limited by the foregoing, we are of the opinion that following (i)&nbsp;issuance of the Class&nbsp;A common shares
pursuant to the terms of the Underwriting Agreement, and (ii)&nbsp;receipt by the Company of the consideration for the Class&nbsp;A common shares specified in the resolutions of the Board of Trustees and the Pricing Committee thereof, the
Class&nbsp;A common shares will be validly issued,&nbsp;fully paid, and <FONT STYLE="white-space:nowrap">non-assessable.</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This
opinion letter has been prepared for use in connection with the filing by the Company of a Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> relating to the offer and sale of the Class&nbsp;A common shares, which Form <FONT
STYLE="white-space:nowrap">8-K</FONT> will be incorporated by reference into the Registration Statement and Prospectus, and speaks as to the date hereof. We assume no obligation to advise of any changes in the foregoing subsequent to the delivery of
this letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the above-described Form <FONT
STYLE="white-space:nowrap">8-K</FONT> and to the reference to this firm under the caption &#147;Legal Matters&#148; in the Prospectus. In giving this consent, we do not thereby admit that we are an &#147;expert&#148; within the meaning of the
Securities Act of 1933, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Very truly yours, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Hogan Lovells US LLP </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">HOGAN LOVELLS US LLP </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>amh-20200817.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release 2020-5 Build:20200707.2 -->
<!-- Creation date: 8/20/2020 12:03:38 AM Eastern Time -->
<!-- Copyright (c) 2020 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<xsd:schema
  xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric"
  xmlns:num="http://www.xbrl.org/dtr/type/numeric"
  xmlns:us-types="http://fasb.org/us-types/2019-01-31"
  xmlns:amh="http://www.americanhomes4rent.com/20200817"
  xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
  xmlns:sic="http://xbrl.sec.gov/sic/2011-01-31"
  xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31"
  attributeFormDefault="unqualified"
  elementFormDefault="qualified"
  targetNamespace="http://www.americanhomes4rent.com/20200817"
  xmlns:xsd="http://www.w3.org/2001/XMLSchema">
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/instance" />
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/linkbase" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd" namespace="http://xbrl.sec.gov/dei/2019-01-31" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/numeric" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/non-numeric" />
    <xsd:import schemaLocation="http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd" namespace="http://xbrl.sec.gov/sic/2011-01-31" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd" namespace="http://xbrl.sec.gov/naics/2017-01-31" />
    <xsd:import schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" namespace="http://xbrl.org/2005/xbrldt" />
    <xsd:import schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd" namespace="http://fasb.org/us-gaap/2019-01-31" />
    <xsd:import schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd" namespace="http://fasb.org/us-types/2019-01-31" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="amh-20200817_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:title="Label Links, all" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="amh-20200817_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:title="Presentation Links, all" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="amh-20200817_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:title="Definition Links, all" xlink:type="simple" />
      <link:roleType roleURI="http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation" id="Role_DocumentDocumentAndEntityInformation">
        <link:definition>100000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:element id="amh_DocumentAndEntityInformationTable" name="DocumentAndEntityInformationTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true" />
  <xsd:element id="amh_DocumentAndEntityInformationLineItems" name="DocumentAndEntityInformationLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>5
<FILENAME>amh-20200817_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release 2020-5 Build:20200707.2 -->
<!-- Creation date: 8/20/2020 12:03:45 AM Eastern Time -->
<!-- Copyright (c) 2020 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
  <link:roleRef roleURI="http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="amh-20200817.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:definitionLink xlink:type="extended" xlink:role="http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="amh-20200817.xsd#amh_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="amh_DocumentAndEntityInformationTable" />
    <link:loc xlink:href="amh-20200817.xsd#amh_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="amh_DocumentAndEntityInformationLineItems" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain_2" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonClassAMember" xlink:type="locator" xlink:label="us-gaap_CommonClassAMember" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesDPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesDPreferredStockMember" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesEPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesEPreferredStockMember" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesFPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesFPreferredStockMember" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesGPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesGPreferredStockMember" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesHPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesHPreferredStockMember" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine2" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="amh_DocumentAndEntityInformationTable" order="1" priority="2" use="optional" xbrldt:contextElement="segment" xbrldt:closed="true" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="amh_DocumentAndEntityInformationTable" xlink:to="us-gaap_StatementClassOfStockAxis" order="1" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain" order="23" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain_2" order="23.0001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_CommonClassAMember" order="24" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesDPreferredStockMember" order="25" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesEPreferredStockMember" order="26" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesFPreferredStockMember" order="27" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesGPreferredStockMember" order="28" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesHPreferredStockMember" order="29" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_AmendmentFlag" order="31.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityCentralIndexKey" order="32.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentType" order="41.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentPeriodEndDate" order="42.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityRegistrantName" order="43.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityIncorporationStateCountryCode" order="44.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityFileNumber" order="45.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityTaxIdentificationNumber" order="46.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine1" order="47.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine2" order="48.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressCityOrTown" order="49.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressStateOrProvince" order="50.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressPostalZipCode" order="51.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_CityAreaCode" order="52.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_LocalPhoneNumber" order="53.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_WrittenCommunications" order="54.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_SolicitingMaterial" order="55.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementTenderOffer" order="56.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementIssuerTenderOffer" order="57.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_Security12bTitle" order="58.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_TradingSymbol" order="59.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_SecurityExchangeName" order="60.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityEmergingGrowthCompany" order="61.001" priority="2" use="optional" />
  </link:definitionLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>amh-20200817_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release 2020-5 Build:20200707.2 -->
<!-- Creation date: 8/20/2020 12:03:38 AM Eastern Time -->
<!-- Copyright (c) 2020 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cover [Abstract]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation State Country Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation State Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine2" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line Two</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line Two</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security 12b Title</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security 12b Title</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
    <link:loc xlink:href="amh-20200817.xsd#amh_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="amh_DocumentAndEntityInformationTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="amh_DocumentAndEntityInformationTable" xlink:to="amh_DocumentAndEntityInformationTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="amh_DocumentAndEntityInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Table]</link:label>
    <link:label xml:lang="en-US" xlink:label="amh_DocumentAndEntityInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document And Entity Information [Table]</link:label>
    <link:loc xlink:href="amh-20200817.xsd#amh_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="amh_DocumentAndEntityInformationLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="amh_DocumentAndEntityInformationLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="amh_DocumentAndEntityInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="amh_DocumentAndEntityInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document And Entity Information [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonClassAMember" xlink:type="locator" xlink:label="us-gaap_CommonClassAMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonClassAMember" xlink:to="us-gaap_CommonClassAMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonClassAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Class A [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonClassAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Class A [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesDPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesDPreferredStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesDPreferredStockMember" xlink:to="us-gaap_SeriesDPreferredStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesDPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Series D Preferred Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesDPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series D Preferred Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesEPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesEPreferredStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesEPreferredStockMember" xlink:to="us-gaap_SeriesEPreferredStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesEPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Series E Preferred Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesEPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series E Preferred Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesFPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesFPreferredStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesFPreferredStockMember" xlink:to="us-gaap_SeriesFPreferredStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesFPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Series F Preferred Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesFPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series F Preferred Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesGPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesGPreferredStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesGPreferredStockMember" xlink:to="us-gaap_SeriesGPreferredStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesGPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Series G Preferred Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesGPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series G Preferred Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesHPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesHPreferredStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesHPreferredStockMember" xlink:to="us-gaap_SeriesHPreferredStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesHPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Series H Preferred Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesHPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series H Preferred Stock [Member]</link:label>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>amh-20200817_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release 2020-5 Build:20200707.2 -->
<!-- Creation date: 8/20/2020 12:03:43 AM Eastern Time -->
<!-- Copyright (c) 2020 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
    xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="amh-20200817.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:presentationLink xlink:type="extended" xlink:role="http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:loc xlink:href="amh-20200817.xsd#amh_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="amh_DocumentAndEntityInformationTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="amh_DocumentAndEntityInformationTable" order="21" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="amh-20200817.xsd#amh_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="amh_DocumentAndEntityInformationLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationTable" xlink:to="amh_DocumentAndEntityInformationLineItems" order="22" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationTable" xlink:to="us-gaap_StatementClassOfStockAxis" order="1" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain" order="23" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonClassAMember" xlink:type="locator" xlink:label="us-gaap_CommonClassAMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_CommonClassAMember" order="24" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesDPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesDPreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesDPreferredStockMember" order="25" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesEPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesEPreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesEPreferredStockMember" order="26" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesFPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesFPreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesFPreferredStockMember" order="27" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesGPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesGPreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesGPreferredStockMember" order="28" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesHPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesHPreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesHPreferredStockMember" order="29" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_AmendmentFlag" order="31.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityCentralIndexKey" order="32.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentType" order="41.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentPeriodEndDate" order="42.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityRegistrantName" order="43.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityIncorporationStateCountryCode" order="44.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityFileNumber" order="45.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityTaxIdentificationNumber" order="46.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine1" order="47.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine2" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine2" order="48.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressCityOrTown" order="49.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressStateOrProvince" order="50.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressPostalZipCode" order="51.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_CityAreaCode" order="52.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_LocalPhoneNumber" order="53.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_WrittenCommunications" order="54.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_SolicitingMaterial" order="55.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementTenderOffer" order="56.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementIssuerTenderOffer" order="57.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_Security12bTitle" order="58.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_TradingSymbol" order="59.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_SecurityExchangeName" order="60.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="amh_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityEmergingGrowthCompany" order="61.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g42421g0819055132895.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g42421g0819055132895.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !> %X# 2(  A$! Q$!_\0
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(Z*R]"DK'_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>d42421d8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="amh-20200817.xsd" xlink:type="simple"/>
    <context id="duration_2020-08-17_to_2020-08-17">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001562401</identifier>
        </entity>
        <period>
            <startDate>2020-08-17</startDate>
            <endDate>2020-08-17</endDate>
        </period>
    </context>
    <context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001562401</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonClassAMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-08-17</startDate>
            <endDate>2020-08-17</endDate>
        </period>
    </context>
    <context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001562401</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesDPreferredStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-08-17</startDate>
            <endDate>2020-08-17</endDate>
        </period>
    </context>
    <context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001562401</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesEPreferredStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-08-17</startDate>
            <endDate>2020-08-17</endDate>
        </period>
    </context>
    <context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001562401</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesFPreferredStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-08-17</startDate>
            <endDate>2020-08-17</endDate>
        </period>
    </context>
    <context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001562401</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesGPreferredStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-08-17</startDate>
            <endDate>2020-08-17</endDate>
        </period>
    </context>
    <context id="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001562401</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesHPreferredStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-08-17</startDate>
            <endDate>2020-08-17</endDate>
        </period>
    </context>
    <dei:AmendmentFlag contextRef="duration_2020-08-17_to_2020-08-17">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey
      contextRef="duration_2020-08-17_to_2020-08-17"
      id="Hidden_dei_EntityCentralIndexKey">0001562401</dei:EntityCentralIndexKey>
    <dei:DocumentType contextRef="duration_2020-08-17_to_2020-08-17">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="duration_2020-08-17_to_2020-08-17">2020-08-17</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="duration_2020-08-17_to_2020-08-17">AMERICAN HOMES 4 RENT</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="duration_2020-08-17_to_2020-08-17">MD</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="duration_2020-08-17_to_2020-08-17">001-36013</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="duration_2020-08-17_to_2020-08-17">46-1229660</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="duration_2020-08-17_to_2020-08-17">30601 Agoura Road</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2 contextRef="duration_2020-08-17_to_2020-08-17">Suite 200</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown contextRef="duration_2020-08-17_to_2020-08-17">Agoura Hills</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="duration_2020-08-17_to_2020-08-17">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="duration_2020-08-17_to_2020-08-17">91301</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="duration_2020-08-17_to_2020-08-17">(805)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="duration_2020-08-17_to_2020-08-17">413-5300</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="duration_2020-08-17_to_2020-08-17">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="duration_2020-08-17_to_2020-08-17">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="duration_2020-08-17_to_2020-08-17">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="duration_2020-08-17_to_2020-08-17">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember">Class A common shares of beneficial interest, $.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember">AMH</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-CommonClassAMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember">Series D perpetual preferred shares of beneficial interest, $.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember">AMH-D</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesDPreferredStockMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember">Series E perpetual preferred shares of beneficial interest, $.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember">AMH-E</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesEPreferredStockMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember">Series F perpetual preferred shares of beneficial interest, $.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember">AMH-F</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesFPreferredStockMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember">Series G perpetual preferred shares of beneficial interest, $.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember">AMH-G</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesGPreferredStockMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember">Series H perpetual preferred shares of beneficial interest, $.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember">AMH-H</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2020-08-17_to_2020-08-17_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesHPreferredStockMember">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="duration_2020-08-17_to_2020-08-17">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm139964115351432">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Aug. 17, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_amh_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001562401<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Aug. 17,  2020<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">AMERICAN HOMES 4 RENT<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">MD<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-36013<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">46-1229660<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">30601 Agoura Road<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Agoura Hills<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">91301<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(805)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">413-5300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre Commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre Commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember', window );">Common Class A [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_amh_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Class A common shares of beneficial interest, $.01 par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AMH<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesDPreferredStockMember', window );">Series D Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_amh_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Series D perpetual preferred shares of beneficial interest, $.01 par value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AMH-D<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesEPreferredStockMember', window );">Series E Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_amh_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Series E perpetual preferred shares of beneficial interest, $.01 par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AMH-E<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesFPreferredStockMember', window );">Series F Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_amh_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Series F perpetual preferred shares of beneficial interest, $.01 par value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AMH-F<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesGPreferredStockMember', window );">Series G Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_amh_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Series G perpetual preferred shares of beneficial interest, $.01 par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AMH-G<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesHPreferredStockMember', window );">Series H Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_amh_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Series H perpetual preferred shares of beneficial interest, $.01 par value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AMH-H<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_amh_DocumentAndEntityInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">amh_DocumentAndEntityInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>amh_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesDPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesDPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesEPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesEPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesFPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesFPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesGPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesGPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesHPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesHPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>11
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M&6HQJ#=;U6-8EZ5JCS^%]RBYGQON_Q+%#U!+ P04    " #A@!-1EXJ[',
M   3 @  "P   %]R96QS+RYR96QSG9*Y;L,P#$!_Q=">, ?0(8@S9?$6!/D!
M5J(/V!(%BD6=OZ_:I7&0"QEY/3P2W!YI0.TXI+:+J1C]$%)I6M6X 4BV)8]I
MSI%"KM0L'C6'TD!$VV-#L%HL/D N&6:WO606IW.D5XA<UYVE/=LO3T%O@*\Z
M3'%":4A+,P[PS=)_,O?S##5%Y4HCE5L:>-/E_G;@2=&A(E@6FD7)TZ(=I7\=
MQ_:0T^FO8R*T>EOH^7%H5 J.W&,EC'%BM/XU@LD/['X 4$L#!!0    ( .&
M$U$<.&7J/P$  #P"   /    >&PO=V]R:V)O;VLN>&ULC5'+;L) #/R5U7Y
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M%0:P;W(@"2[)E1M27>EYIK=WDWM)J'7N0;#W\!J-'<V/'[?\ 5!+ P04
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MUDX:?^:+X3]>?P%02P$"% ,4    " #A@!-1!T%-8H$   "Q    $
M        @ $     9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0    ( .& $U'L
MZAWF[@   "L"   1              "  :\   !D;V-0<F]P<R]C;W)E+GAM
M;%!+ 0(4 Q0    ( .& $U&97)PC$ 8  )PG   3              "  <P!
M  !X;"]T:&5M92]T:&5M93$N>&UL4$L! A0#%     @ X8 344A&%AVI!0
MR1\  !@              ("!#0@  'AL+W=O<FMS:&5E=',O<VAE970Q+GAM
M;%!+ 0(4 Q0    ( .& $U&#J:4#U $  #(&   -              "  >P-
M  !X;"]S='EL97,N>&UL4$L! A0#%     @ X8 349>*NQS     $P(   L
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64$L%!@     )  D /@(  &\4      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.20.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>7</ContextCount>
  <ElementCount>95</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>6</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="d42421d8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>100000 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="d42421d8k.htm">d42421d8k.htm</File>
    <File>amh-20200817.xsd</File>
    <File>amh-20200817_def.xml</File>
    <File>amh-20200817_lab.xml</File>
    <File>amh-20200817_pre.xml</File>
    <File>d42421dex11.htm</File>
    <File>d42421dex51.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2019-01-31</BaseTaxonomy>
    <BaseTaxonomy>http://fasb.org/us-gaap/2019-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>16
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "d42421d8k.htm": {
   "axisCustom": 0,
   "axisStandard": 1,
   "contextCount": 7,
   "dts": {
    "definitionLink": {
     "local": [
      "amh-20200817_def.xml"
     ],
     "remote": [
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml",
      "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml"
     ]
    },
    "inline": {
     "local": [
      "d42421d8k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "amh-20200817_lab.xml"
     ],
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "amh-20200817_pre.xml"
     ]
    },
    "referenceLink": {
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml"
     ]
    },
    "schema": {
     "local": [
      "amh-20200817.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd",
      "https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd",
      "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd",
      "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd"
     ]
    }
   },
   "elementCount": 34,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2019-01-31": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 95,
   "memberCustom": 0,
   "memberStandard": 6,
   "nsprefix": "amh",
   "nsuri": "http://www.americanhomes4rent.com/20200817",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "d42421d8k.htm",
      "contextRef": "duration_2020-08-17_to_2020-08-17",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "100000 - Document - Document and Entity Information",
     "role": "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation",
     "shortName": "Document and Entity Information",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "d42421d8k.htm",
      "contextRef": "duration_2020-08-17_to_2020-08-17",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 6,
   "tag": {
    "amh_DocumentAndEntityInformationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Document And Entity Information [Line Items]",
        "terseLabel": "Document And Entity Information [Line Items]"
       }
      }
     },
     "localname": "DocumentAndEntityInformationLineItems",
     "nsuri": "http://www.americanhomes4rent.com/20200817",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "stringItemType"
    },
    "amh_DocumentAndEntityInformationTable": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Document And Entity Information [Table]",
        "terseLabel": "Document And Entity Information [Table]"
       }
      }
     },
     "localname": "DocumentAndEntityInformationTable",
     "nsuri": "http://www.americanhomes4rent.com/20200817",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]",
        "terseLabel": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two",
        "terseLabel": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation State Country Code",
        "terseLabel": "Entity Incorporation State Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre Commencement Issuer Tender Offer",
        "terseLabel": "Pre Commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre Commencement Tender Offer",
        "terseLabel": "Pre Commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Security 12b Title",
        "terseLabel": "Security 12b Title"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications",
        "terseLabel": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "us-gaap_ClassOfStockDomain": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Class of Stock [Domain]",
        "terseLabel": "Class of Stock [Domain]"
       }
      }
     },
     "localname": "ClassOfStockDomain",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommonClassAMember": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Common Class A [Member]",
        "terseLabel": "Common Class A [Member]"
       }
      }
     },
     "localname": "CommonClassAMember",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SeriesDPreferredStockMember": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Series D Preferred Stock [Member]",
        "terseLabel": "Series D Preferred Stock [Member]"
       }
      }
     },
     "localname": "SeriesDPreferredStockMember",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SeriesEPreferredStockMember": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Series E Preferred Stock [Member]",
        "terseLabel": "Series E Preferred Stock [Member]"
       }
      }
     },
     "localname": "SeriesEPreferredStockMember",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SeriesFPreferredStockMember": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Series F Preferred Stock [Member]",
        "terseLabel": "Series F Preferred Stock [Member]"
       }
      }
     },
     "localname": "SeriesFPreferredStockMember",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SeriesGPreferredStockMember": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Series G Preferred Stock [Member]",
        "terseLabel": "Series G Preferred Stock [Member]"
       }
      }
     },
     "localname": "SeriesGPreferredStockMember",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SeriesHPreferredStockMember": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Series H Preferred Stock [Member]",
        "terseLabel": "Series H Preferred Stock [Member]"
       }
      }
     },
     "localname": "SeriesHPreferredStockMember",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_StatementClassOfStockAxis": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "label": "Class of Stock [Axis]",
        "terseLabel": "Class of Stock [Axis]"
       }
      }
     },
     "localname": "StatementClassOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2019-01-31",
     "presentation": [
      "http://www.americanhomes4rent.com//20200817/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "stringItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>17
<FILENAME>0001193125-20-224694-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001193125-20-224694-xbrl.zip
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M!/IJM*5B>(K:Z"6+:QX='07FV\>FJOM8/K9==M,.%E^JI@)WA.GJ$XO,+)1
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MASLY/%< 60)I;G#1MV9LL&X>3\Y7<<#X ^-J4>4N%28Z8TLQO*S/V*RFNO=
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MD208S8MK05P/6LW^^'1S/HD>Y,>?1*T$DGJJ)^20!H BS&FO5*V5:ONI3$J
MD4Q&,68>R^<@!0K%[7S@00!&M[(8PBA\D62FA(ZASA2TH\C[%1.8PG2?4C\7
MTA@PB^CYF,2>5=!=C%$'_P]XX+*3@]+OQQ7S$]X-64 )YE!B?X?\_F.A+;P
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MN,=B<=R[H'+L4L^9'?"P%2O (,;\3/P-R/ S=QF$X4S6ZML&K%)]OVK5WY5
M[NCH+)I]L[4$GBB=QG[)JM4.]_=S#*2)>%ZB=QZLJ7,^=91>B]N[H_LSNA,"
MK'A)_@(C7CE<^QDKF1#6"U0.K :>YIY=,Q1N!NZ;51/N4N!*O06M()41TUM_
M8H6<W=R2SM!WQ1BG\#>LDBR3DDM1GFA&4Q_\@R;?CVI!:H?D>2;D7G7-IE_C
MX(<P_3;K SYB!+0<1S*EHO_.P0VS5C8 ZE6PC4BK+R JU(S.V(W%Q_SQV5K4
M5J[%;<AA&*U5'YNF68D;7E,';?AY)>_$@[?ZA(21_5<.9/!4X6LSY$I>@Q_
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MN*<-(@%#F[9%$UI*!L:X.PC#P9/*%W6G3DS5L6F,9#:#1CI)2U#OW NUUJ/
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M*7W:9)-<*4$. G3+43)8!B_$419X+KCI/7?[]?Z[?;SA,,WL&H]@4DP+O'M
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M0XS>(<F@3IA/2TGG_'=5XB-2O>=,*8.)@X.R4NX=$51A@@75)48%,]8^R>T
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M\8US  0;2W']4HY?W0DHQ@K/?#MV9#Q+J29,T%64EU=X,[B=S*+F.(4OIY.
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MA=ZE*[1%2(29XU#+TDB;\+3=]W>RT")AX(5ST8N!@"\7,"08WB 3+P6*SO<
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M_UI4+8MI)ND=[Q\!R\H&[B=G5!P<O'),47VA$EF E8Z%<YJ)&](3I&@^G=O
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M@[?=&IW$$2;^&R#L%M2U2];B/BD; :%G]=QI5&V2D.Q6[I?> AA'@88MS"4
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M/Y$!XV_9Y8&H*.+B*'U+3]2R@K10IY*'RG([4\%!30=.45"$"(&[Z?.*%A:
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MYD/05Q[W<X@RX>!*-B$4 6>%LT.8=XGR7.WM4.2%;M*1[KIXW;GY%VK<T;B
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M%7ZF6C)+1F:=7RPFJ)XM Y:)T\X^*9SKRI-2&>2L2%OY=@,/+YX)<G2IHQ?
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ML9?27=/AVQ?Z:\?;I\WR#_YFM7->/_D?4$L#!!0    ( .& $U&]YF<N( P
M !(H   /    9#0R-#(Q9&5X-3$N:'1MU5K;<AHY&KZGBG=0,3LIIQ8PV''B
M(U6 CS/X4(:)=^9.= M0TD@]4K<)\_3[_5(W--B.-Y/8N^L+H-72?S[+A^>#
MRU[K\/RD?=PJEPX'%X/>2>OD7[6=>O-PTS]A>3-[SPX[U\>_L\Y9][IW?7M4
MN3N_&)Q4Z 4KE["O*U0B3.OP^.(CZP]^[YT<568R3";[N_4=J2J,1W*LCBJ1
M&"7NU.%-OFW*S5BJ6J+C_4:<'+#L>:B31$_]TDBKI&;E7V*_N7P>\:F,YOL#
M.16678D9N]53#DSMWL79U5'%R/$$J X[K9,O$SF4"0-C['"STSK<O&D5\!>
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ME2K)QPCLT#;0,W:9*DHN,))RZ7=M/K,K;:!/H]A'2;:&UO*&&YR\$5AG-Q.
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M              "  98*  !A;6@M,C R,# X,3=?;&%B+GAM;%!+ 0(4 Q0
M   ( .& $U& #"#@TP4  .)!   4              "  3,3  !A;6@M,C R
M,# X,3=?<')E+GAM;%!+ 0(4 Q0    ( .& $U%MQ2>2@!0  .R=   -
M          "  3@9  !D-#(T,C%D.&LN:'1M4$L! A0#%     @ X8 3420?
MD BT?P  ^XP"  \              ( !XRT  &0T,C0R,61E>#$Q+FAT;5!+
M 0(4 Q0    ( .& $U&]YF<N( P  !(H   /              "  <2M  !D
D-#(T,C%D97@U,2YH=&U02P4&      < !P"Y 0  $;H

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
