Why American Homes 4 Rent Is Benefiting From Changing Consumer Tastes
One of the biggest macro themes to come out of the COVID-19 crisis has been the exodus from the cities. Lengthy stay-at-home orders have demonstrated the downside of crowded urban environments. While we were already seeing younger adults leave the cities for the suburbs, the coronavirus has accelerated the move. And single-family rental real estate investment trusts (REITs) like American Homes 4 Rent (NYSE: AMH) are seeing record demand for properties.
"Demand for our homes has never been stronger as our leasing and occupancy levels reached all-time highs during June and July," American Homes 4 Rent CEO David Singelyn said in a statement. "The COVID-19 crisis shined a light on the benefits of our homes as people are moving from high-density city living to single-family suburban communities."
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Source Fool.com
