Land and Buildings Comments on Merger Between American Residential Properties and American Homes 4 Rent
AMERICAN RESIDENTIAL PROPERTIE (ARPI)
US:NYSE Investor Relations:
investors.ah4r.com
Company Research
Source: Business Wire
- Supports ARPI’s Decision to Unlock Shareholder Value - STAMFORD, Conn.--(BUSINESS WIRE)-- Land and Buildings today issued the following statement regarding the announced merger of American Residential Properties, Inc. (NYSE: ARPI) (“the Company”) and American Homes 4 Rent (NYSE: AMH). Jonathan Litt, Founder and Chief Investment Officer of Land and Buildings, stated: "We are pleased the Board of American Residential Properties has chosen to move forward with a transaction, a path which we believe represents a positive outcome for all shareholders. As we have publicly stated, ARPI has traded below its intrinsic value for some time and it was clear that a new path was needed to unlock the value imbedded in the Company." "We are also encouraged that this is a stock transaction, as we believe the synergies between the two companies and quality of ARPI’s portfolio could result in the
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