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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Subsequent Acquisitions

From January 1, 2023 through February 17, 2023, the Company added 127 properties to its portfolio for a total cost of approximately $42.6 million, which included 123 newly constructed properties delivered through our AMH Development Program and four newly constructed homes acquired from third-party developers through our National Builder Program.

Subsequent Dispositions
 
From January 1, 2023 through February 17, 2023, the Company disposed of 319 properties for aggregate net proceeds of approximately $87.4 million.

Revolving Credit Facility

From January 1, 2023 through February 17, 2023, the Company paid down $130.0 million under its revolving credit facility, resulting in zero outstanding borrowings under its revolving credit facility as of February 17, 2023.

Distributions

On February 10, 2023, the Company’s board of trustees approved an increase in quarterly dividends to $0.22 per Class A and Class B common share for the first quarter of 2023. The quarterly dividends are payable on March 31, 2023 to shareholders of record on March 15, 2023.

2022 Forward Sale Agreements Settlement

In January 2023, the Company issued and physically settled the remaining 8,000,000 Class A common shares under the January 2022 Forward Sale Agreements, receiving net proceeds of $298.4 million. See Note 9. Shareholders’ Equity / Partners’ Capital.