Colony American Homes Announces Expansion of Credit Facility to $1.2 Billion

Prepares for Securitization Early Next Year

SCOTTSDALE, Ariz.--()--Colony American Homes (“CAH”) announced today that it has expanded its credit facility to $1.2 billion. The original facility, announced in September, was set at $500 million, with an accordion feature that allowed for an increase in credit. CAH will use the proceeds to continue to acquire single-family homes across the United States. The credit facility is offered by a group of banks led by JPMorgan and Credit Suisse.

Separately, CAH announced that it is preparing for a securitization transaction backed by rental income from a portion of its portfolio of single family rental homes and has hired advisors to help in structuring the transaction. CAH expects to complete its first transaction in early 2014. The transaction will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Justin Chang, Chief Executive Officer of CAH, said, “Both of these events are major milestones in our company's continued growth. Funds raised from the securitization, combined with our existing private equity capital and the expanded credit facility, will further our ability to actively acquire homes in our selected markets and allow us to maintain top quality management of those homes.”

About Colony American Homes

Colony American Homes (www.colonyamerican.com) is a market leader in the acquisition, ownership, renovation, leasing and management of single-family residential homes in the United States. CAH owns and manages over 15,000 homes for rent in Arizona, California, Colorado, Florida, Georgia, Nevada, and Texas. CAH was formed in 2012 by Colony Capital, a leading global real estate investment firm that has approximately $25 billion of assets under management and has acquired approximately $50 billion of real estate since its founding in 1991.

Contacts

Owen Blicksilver Public Relations, Inc
Caroline Luz, 203-656-2829
caroline@blicksilverpr.com

Release Summary

Colony American Homes expands credit facility to $1.2 billion

Contacts

Owen Blicksilver Public Relations, Inc
Caroline Luz, 203-656-2829
caroline@blicksilverpr.com