A few weeks ago I wrote an article on REIT IPOs and now I'm back at it again. This time, I want to shed light on the single family rental business and specifically a new REIT called American Homes 4 Rent (AMH). Before I provide some of the basics of this new REIT, I want to encourage you to wait a while (before investing). As I often preach, there is simply no reason to jump into an IPO, especially a REIT IPO, since the newly issued shares are priced at premium levels that offer you, the intelligent investor, little chance to buy at a discount.
Simply said, there is little "margin of safety" in...
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