American Homes 4 Rent and Värde Partners enter into $500m land banking facility agreement

American Homes 4 Rent (AMH), a provider of high-quality single-family homes for rent, and Värde Partners have entered into a land banking facility agreement.

This facility provides $500 million in initial capacity to acquire and develop new land opportunities as part of American Homes 4 Rent's internal development platform. The two firms have recently closed their first six land transactions into the facility, representing total acquisition and development costs of more than $150 million, and due diligence is underway on additional sites.

“We are excited to combine Värde's extensive experience in U.S. housing with American Homes 4 Rent's reputable homebuilding and development platform,” said Brendan Bosman, senior managing director at Värde Partners. “The demand for high-quality single-family rental homes has never been higher despite a persistent shortfall in supply, creating opportunities to invest in segments that we believe are well-positioned for growth