Mmm, just as I suspected, owned by shareholders Blackrock, Vanguard and State Street. Grok says:

American Homes, now known as AMH, is a real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing, and managing single-family rental homes across the United States. It is a publicly traded company listed on the New York Stock Exchange under the ticker symbol "AMH." As a publicly traded REIT, AMH is owned by its shareholders, which include a mix of institutional investors, individual investors, and company insiders.

Major shareholders of AMH, based on available data as of early 2025, include large institutional investors such as:

- **Vanguard Fiduciary Trust Co.** (part of The Vanguard Group), one of the largest asset management firms in the world.
- **BlackRock Advisors**, another major global investment management corporation.
- **Norges Bank**, the central bank of Norway, which manages the country's sovereign wealth fund and often invests in real estate and equities.
- **State Street Corporation**, a financial services company that manages assets and holds shares in many public companies.
- **Tamara Gustavson**, an individual shareholder with a significant stake, notable for her connection to B. Wayne Hughes, the founder of AMH and Public Storage.

These shareholders collectively own a substantial portion of AMH, with institutional investors typically holding the majority due to the company's status as a large-scale, publicly traded entity. AMH was originally established in 2012 by B. Wayne Hughes, who saw an opportunity in the single-family rental market following the financial crisis. The company has since grown into one of the leading players in the "build-to-rent" (BTR) sector, developing new homes specifically intended for rental rather than sale.

AMH operates as an internally managed REIT, meaning its management team, led by CEO David Singelyn, oversees its operations rather than outsourcing to an external firm. The company’s strategy includes both acquiring existing homes and building new rental communities, with a portfolio of nearly 60,000 single-family properties as of recent reports. Its focus on building homes only for rent reflects a growing trend in the U.S. housing market, where institutional investors are increasingly catering to demand for single-family rentals amid rising home prices and shifting preferences away from homeownership.