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American Homes 4 Rent (AMH.N)

AMH.N on New York Stock Exchange

28.51USD
18 Sep 2020
Change (% chg)

$-0.32 (-1.11%)
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Summary

Name Age Since Current Position

Kenneth Woolley

73 2020 Independent Chairman of the Board Trustee

David Singelyn

58 2012 Chief Executive Officer, Trustee

Christopher Lau

38 2018 Chief Financial Officer

Bryan Smith

46 2019 Chief Operating Officer

John Corrigan

59 2019 Chief Investment Officer, Trustee

Stephanie Heim

65 2019 Chief Governance Officer

Sara Vogt-Lowell

44 2012 Chief Legal Officer

Matthew Hart

68 2019 Lead Independent Trustee

Douglas Benham

63 2016 Independent Trustee

Michelle Kerrick

2020 Independent Trustee

Lynn Swann

67 2020 Independent Trustee

Matthew Zaist

45 2020 Independent Trustee

David Goldberg

70 2019 Trustee

Tamara Gustavson

58 2020 Trustee

James Kropp

71 2012 Independent Trustee

Winifred Webb

62 2019 Independent Trustee

Jay Willoughby

61 2019 Independent Trustee

Biographies

Name Description

Kenneth Woolley

Mr. Kenneth M. Woolley Ph.D. serves as Independent Chairman of the Board Trustee of the Company. He is Chairman of the Compensation Committee and a member of the Audit Committee and has served as a trustee since November 2012. He is the founder of Extra Space Storage, Inc. (NYSE: EXR), or Extra Space, a self-storage real estate investment trust, and he currently serves as its Chairman. He served as Chairman and Chief Executive Officer of Extra Space from its inception in 2004 until his retirement as Chief Executive Officer in March 2009 and was formerly Chief Executive Officer of Extra Space’s predecessor. From 1994 to 2002, he was an active participant on Storage USA’s Advisory Board. From 1983 to 1989, he acted as a preferred developer for Public Storage, Inc. Mr. Woolley has also developed over 13,000 apartment units in 40 projects and acquired over 15,000 apartment units in the past 25 years and is the founder of several companies in the retail, electronics, food manufacturing, airline and natural resources industries. Mr. Woolley received a B.A. in Physics from Brigham Young University and an M.B.A. and Ph.D. in Business Administration from Stanford University, Graduate School of Business.

David Singelyn

Mr. David P. Singelyn serves as Chief Executive Officer, Trustee of the Company. He has served as our Chief Executive and a trustee since October 2012. Mr. Singelyn co-founded AH LLC with B. Wayne Hughes in June 2011 and served as the Chief Executive Officer of our former manager prior to our internalization of senior management in June 2013. From 2003 through April 2013, Mr. Singelyn was Chairman and President of Public Storage Canada, a real estate company previously listed on the Toronto Stock Exchange, where he built a management team that restructured the operations of the company, including building an operations team and installing accounting and operating computer systems. In 2010, Mr. Singelyn facilitated the restructuring of the ownership entity that was traded on the Toronto stock exchange resulting in the company “going private”. In 2005, Mr. Singelyn, along with Mr. Hughes, founded American Commercial Equities (“ACE”), a private real estate company specializing in the acquisition and management of retail property. From 1989 through 2003, Mr. Singelyn served as the Treasurer for Public Storage (NYSE: PSA). Mr. Singelyn is a director of the William Lawrence and Blanche Hughes Foundation, a non-profit organization dedicated to research of pediatric cancer, and is also a member of the Dean’s Advisory Council to the College of Business and a member of the Board of Trustees of the Philanthropic Foundation at California State Polytechnic University. Mr. Singelyn earned a Bachelor of Science in Accounting and a Bachelor of Science in Computer Information Systems from California Polytechnic University—Pomona.

Christopher Lau

Mr. Christopher C. Lau is re designated as Chief Financial Officer of the Company. He is responsible for overseeing the company’s financial functions, including financial planning and analysis, accounting, financial reporting, treasury, tax, investor relations and capital markets. Previously, he served as Vice President, Senior Vice President and then Executive Vice President—Finance from 2013—2018. Prior to American Homes 4 Rent, Mr. Lau was a Senior Manager in Deloitte’s New York Real Estate M&A Advisory practice, serving as an advisor to real estate private equity and corporate clients, providing due diligence and other M&A services. Prior to his M&A Advisory role, he was a Senior Manager in Deloitte’s Real Estate Audit Practice, primarily serving equity REIT clients. Mr. Lau is a member of the National Rental Home Council and is chair of the Finance committee. Mr. Lau earned a B.S. in Accounting from San Diego State University and is a Certified Public Accountant (inactive) in California.

Bryan Smith

Mr. Bryan Smith serves as Chief Operating Officer of the Company since October 2019. Previously, he served as Executive Vice President and President of Property Management from 2015 to 2019, Senior Vice President and Director of Property Management from 2012 to 2015 and Senior Vice President of Acquisitions for our former manager from 2011 to 2012. From 2009 to 2011, Mr. Smith was a Partner at the Tax Review Group, a real estate consulting firm, and from 2006 to 2009, he was a Partner and Chief Financial Officer at the Watermark Group, a residential and commercial real estate development firm. Mr. Smith began his career at Deloitte & Touche LLP. Mr. Smith earned a B.A. in Business Economics from the University of California, Los Angeles, an M.B.A. from the UCLA Anderson School of Management and is a Certified Public Accountant (inactive) in California.

John Corrigan

Mr. John E.(Jack) Corrigan serves as Chief Investment Officer, Trustee of the Company. He has served as a trustee of the company and our Chief Investment Officer since October 2012. Previously, he served as our Chief Operating Officer from 2012 to 2019 and Chief Operating Officer of American Homes 4 Rent Advisor, LLC, our former manager, from 2011 to 2013. From 2006 to 2011, Mr. Corrigan was the Chief Executive Officer of A & H Property and Investments, a full-service leasing and property management company in Los Angeles County with a portfolio of residential, retail, industrial and office properties, where he was responsible for acquisitions, dispositions, development, financing and management operations. From 1998 to 2004, Mr. Corrigan served as Chief Financial Officer of PS Business Parks Inc. (NYSE: PSB), a publicly-traded real estate investment trust specializing in office and industrial properties throughout the United States. Prior to his tenure at PS Business Parks, Mr. Corrigan was a partner in the accounting firm of LaRue, Corrigan & McCormick, where he was responsible for the audit and consulting practice of that firm. Mr. Corrigan began his career at Arthur Young and Company (now a part of Ernst & Young LLP) and served as Vice President and Controller of Storage Equities, Inc. (a predecessor entity to Public Storage). Mr. Corrigan earned a B.S. in Accounting from Loyola Marymount University.

Stephanie Heim

Ms. Stephanie G. Heim serves as Chief Governance Officer of the Company since October 2019. Previously, she served as Executive Vice President—Counsel and Assistant Secretary from 2017 to 2019 and Senior Vice President from 2013 to 2017. Ms. Heim joined the company in September 2013 after consulting with the company during its initial public offering in August 2013. From 2005 to 2013, Ms. Heim was Vice President—Corporate Counsel and Secretary of Public Storage and Vice President—Counsel at PS Business Parks with responsibility for corporate, transactional, corporate governance and securities legal matters. Ms. Heim began her career at the law firm of Willkie Farr & Gallagher in New York City. She earned a B.A. from Mount Holyoke College and a J.D. from the University of Michigan Law School. She is a member of the bar in California, New York, and the District of Columbia.

Sara Vogt-Lowell

Ms. Sara H. Vogt-Lowell serves as Chief Legal Officer of the Company since October 2012, and as such oversees all legal matters and transactions, guides the defense of our company against prospective and pending claims and monitors applicable legal, regulatory and compliance developments. From 2011 until the management internalization, Ms. Vogt-Lowell held the same position with our former manager. From March 2006 through April 2013, she served as General Counsel for Malibu Management, Public Storage Canada and American Commercial Equities. Ms. Vogt-Lowell began her legal career at the law firm of Latham & Watkins LLP as a member of the finance department where she specialized in real estate and finance transactions. Ms. Vogt-Lowell earned a B.A. in Political Science from the University of California, Los Angeles and a Juris Doctorate from the University of California, Berkeley (Boalt School of Law) and is a member of the California State Bar.

Matthew Hart

Mr. Matthew J. Hart serves as Lead Independent Trustee of the Company since November 2012. He is our Lead Independent Trustee and is a member of the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee. Mr. Hart served as President and Chief Operating Officer of Hilton Hotels Corporation, or Hilton, a global hospitality company, from May 2004 until the buyout of Hilton by a private equity firm and his subsequent retirement in October 2007. He also served as Executive Vice President and Chief Financial Officer of Hilton from 1996 to 2004. Prior to joining Hilton, Mr. Hart served as the Senior Vice President and Treasurer of the Walt Disney Company, Executive Vice President and Chief Financial Officer for Host Marriott Corp., Senior Vice President and Treasurer for Marriott Corporation and Vice President, Corporate Lending, for Bankers Trust Company. Mr. Hart currently serves on the Board of Directors of American Airlines Group, Inc. (NASDAQ: AAL) and Air Lease Corporation (NYSE: AL). Mr. Hart was also a director of US Airways Group, Inc. until it merged with American Airlines, Inc. in December 2013 and was a director of B. Riley Financial, Inc. until November 2015. Mr. Hart received a B.A. in Economics and Sociology from Vanderbilt University and an M.B.A. in Finance and Marketing from Columbia University.

Douglas Benham

Mr. Douglas N. Benham serves as Independent Trustee of the Company since March 2016 when he was appointed to the Board in connection with the company’s merger with American Residential Properties, Inc., a publicly held owner and operator of single family rental homes. He is Chairman of the Nominating and Corporate Governance Committee and a member of the Compensation Committee. Mr. Benham is the President and Chief Executive Officer of DNB Advisors, LLC, a restaurant industry consulting firm, and served as President and Chief Executive Officer of Arby’s Restaurant Group, Inc. from 2004 to 2006. From 1989 until 2003, he was Chief Financial Officer and, from 1997 until 2003, served on the Board of Directors, of RTM Restaurant Group, Inc., an Arby’s franchisee. Currently, Mr. Benham also serves as a director of CNL Healthcare Properties II, Inc., a non-traded public real estate investment trust. He formerly served as a director of American Residential Properties, Inc. until its acquisition in 2016, as Chairman of the Board and Executive Chair of Bob Evans Farms, Inc. until its acquisition in 2018, as a director of the Global Income Trust, a non-traded public real estate investment trust, until its acquisition in 2015, as a director of Sonic Corp. until 2014, and as a director of O’Charley’s Inc. until its acquisition in 2012. Mr. Benham is also a member of the Board of Advisors/Managers of Border Partners and United Pacific Oil, which are privately held companies. He received a B.A. in Accounting from the University of West Florida.

Michelle Kerrick

Ms. Michelle Kerrick serves as Independent Trustee of the Company. Ms. Kerrick will retire effective Sept. 19, 2020 , following a 35-year career at Deloitte, where she served as West Region Market Leader and Managing Partner of the Los Angeles office. She has extensive leadership experience as a trusted advisor to Fortune 500 senior executives, corporate boards and audit committees across a broad set of industries, including real estate investment trusts (REITs) and publicly traded homebuilders and developers. Ms. Kerrick's addition increases the size of the Board of Trustees to 13 members and is a continuation of the Board's refreshment process. The Board has added five independent directors since the beginning of 2019. In addition, Kenneth M. Woolley was named independent Chairman of the Board in May 2020 .

Lynn Swann

Mr. Lynn C. Swann serves as Independent Trustee of the Company. Mr. Swann currently serves as a director for Evoqua Water Technologies. He previously served on the boards of Fluor Corporation, Caesars Entertainment Corp., Hershey Entertainment and Resorts, H.J. Heinz, the PGA of America and American Homes 4 Rent. Mr. Swann is also president of Swann, Inc., a marketing and consulting firm that he founded in 1976. Prior to his extensive public company board experience, Mr. Swann played nine seasons for the Pittsburgh Steelers and was elected to the Pro Football Hall of Fame in 2001. Additionally, he served as an on-air sports broadcaster for the American Broadcast Company (ABC-TV) for nearly 30 years. Mr. Swann also previously served as Chairman of the national board of Big Brothers Big Sisters of America. President George W. Bush appointed Mr. Swann as the Chairman of the President’s Council on Fitness, Sports and Nutrition, where he served from 2002 to 2005.

Matthew Zaist

Mr. Matthew R. Zaist serves as Independent Trustee of the Company. He has served as a trustee of the company since February 2020. Mr. Zaist was President and Chief Executive Officer and a member of the Board of William Lyon Homes from 2016 until the company was acquired in 2020 by Taylor Morrison Home Corporation. Mr. Zaist joined William Lyon Homes in 2000 and from 2013 to 2015 served as its President and Chief Operating Officer and served as President and Co-Chief Executive Officer from 2015 to 2016. William Lyon Homes (formerly NYSE: WLH) and its subsidiaries designed, constructed, marketed and sold single-family homes in California, Arizona, Nevada, Colorado, Washington, Oregon and Texas. Mr. Zaist holds a B.S. from Rensselaer Polytechnic Institute and is a member of the Executive Committee for the University of Southern California’s Lusk Center for Real Estate.

David Goldberg

Mr. David Goldberg serves as Trustee of the Company since May 2019. Mr. Goldberg served as the company’s Executive Vice President from October 2012 until his retirement in May 2019. Mr. Goldberg held the same position with our former manager from 2011 until the Management Internalization. Since 2006, Mr. Goldberg has been a co-manager of ACE, and since 2006 he has served as a legal consultant and senior counsel for Public Storage. From 1991 until 2005, Mr. Goldberg held various legal positions with Public Storage, including Senior Vice President and General Counsel. In such capacity, Mr. Goldberg was responsible for all Public Storage securities, real estate and property management activities and was involved in capital raising, real estate acquisition, corporate reorganization and property management transactions. From 1974 until 1991, Mr. Goldberg was an associate and a partner in the law firm of Agnew, Miller & Carlson and a partner with the law firm of Sachs & Phelps and with the law firm of Hufstedler, Miller, Carlson & Beardsley. Mr. Goldberg earned an A.B. in History and Social Studies from Boston University and a J.D. from the University of California, Berkeley (Boalt School of Law) and is a member of the California State Bar.

Tamara Gustavson

Ms. Tamara Hughes Gustavson serves as Trustee of the Company. She has served as our Chairman since May 2019 and as a member of the Board since August 2016. She is also a real estate investor and philanthropist and has been a member of the Public Storage (NYSE: PSA) Board of Trustees since November 2008. She was previously employed by Public Storage from 1983 to 2003, serving most recently as Senior Vice President—Administration. During the past five years, Ms. Gustavson has been supervising her personal business investments and engaged in charitable activities. Ms. Gustavson also serves on the Board of Trustees of the William Lawrence and Blanche Hughes Foundation and the Board of Trustees of the University of Southern California. Ms. Gustavson is our largest individual shareholder and a member of the family of B. Wayne Hughes (the Hughes Family) that collectively owns approximately 25% of the company’s outstanding common shares and units of its operating partnership. Ms. Gustavson is qualified to serve as a trustee of the company due to her extensive real estate, financial and operational experience with private and public companies.

James Kropp

Mr. James H. Kropp CPA serves as Independent Trustee of the Company since November 2012 and is Chairman of the Audit Committee. From 2009 until his retirement in 2019, Mr. Kropp was employed by SLKW Investments LLC, a family investment office and Microproperties LLC, an investor and asset manager of net leased properties. Since 1998, Mr. Kropp has served as a director of PS Business Parks Inc. (NYSE: PSB) and is member of its Compensation Committee and its Nominating/Corporate Governance Committee. Kropp is also a director of FS KKR Capital Corporation and Chair of its Valuation Committee (since 2018, following the merger of Corporate Capital Trust into FS Investment Company) and FS KKR Capital Corporation II since 2019 following the merger of Corporate Capital Trust 2 with FS Investment Company 2, 3 and 4. Mr. Kropp earned a B.B.A. in Finance from St. Francis College. He was licensed as a CPA while at Arthur Young and Company (now a part of Ernst & Young LLP). He is a Board Leadership Fellow for the National Association of Corporate Directors.

Winifred Webb

Ms. Winifred Markus Webb serves as Independent Trustee of the Company since January 2019 and is a member of the Compensation Committee and the Nominating and Corporate Governance Committee. Ms. Webb is Chief Executive Office of Kestrel Advisors, a position she has held since February 2013. Previously, she was Managing Director of Tennenbaum Capital Partners and TCP Capital Corp. from 2010 to 2013. Ms. Webb was a member of the corporate executive team at Ticketmaster Entertainment as corporate Senior Vice President and Chief Communications & Investor Relations Officer from 2008 to 2010. From 1988 to 2008, she held various positions at The Walt Disney Company, including as corporate Senior Vice President of Investor Relations & Shareholder Services and as Executive Director for The Walt Disney Company Foundation. Her early career was in investment banking. Ms. Webb currently serves on the Boards of Directors of Wynn Resorts (NASDAQ: WYNN), ABM Industries (NYSE: ABM) and AppFolio (NASDAQ: APPF). She previously served on the board of directors of TiVo Inc. (NASDAQ: TIVO) from January 2016 until it was acquired in September 2016, of 9 Spokes International (ASX: 9SP) from 2015 to 2018, of Jack in the Box Inc. (NASDAQ: JACK) from 2008 to 2014, and of nonprofit PetSmart Charities, Inc. from 2014 to 2016. She also serves as Co-Chair of nonprofit Women Corporate Directors (WCD), Los Angeles/Orange County Chapter. Ms. Webb earned a B.A. with honors from Smith College and an M.B.A. from Harvard.

Jay Willoughby

Mr. Jay Willoughby serves as Independent Trustee of the Company since January 2019 and is a member of the Audit Committee and the Nominating and Corporate Governance Committee. Mr. Willoughby is the Chief Investment Officer of TIFF Investment Management where he is responsible for allocating capital on behalf of over 600 non-profit institutions for whom TIFF manages capital. Before joining TIFF in 2015, Mr. Willoughby spent four years as the Chief Investment Officer of The Alaska Permanent Fund. Previously, he was co-managing partner at Ironbound Capital Management and spent nine years with Merrill Lynch Investment Managers, LP as CIO Private Investors Group, head of research for Equity Funds and as Senior Portfolio Manager for the Merrill Lynch Real Estate Fund. He is a CFA charterholder and serves on the board of the Sustainability Accounting Standards Board (SASB) Foundation, which supports the development of accounting standards that help investors understand which sustainability factors can have a material impact on the future financial performance of individual public companies. Mr. Willoughby received a B.A. from Pomona College and an M.B.A. in Finance from Columbia University.

Basic Compensation

Name Fiscal Year Total

Kenneth Woolley

157,510

David Singelyn

1,477,080

Christopher Lau

1,421,800

Bryan Smith

1,488,200

John Corrigan

1,219,040

Stephanie Heim

880,225

Sara Vogt-Lowell

1,073,400

Matthew Hart

165,010

Douglas Benham

157,510

Michelle Kerrick

--

Lynn Swann

65,535

Matthew Zaist

--

David Goldberg

131,260

Tamara Gustavson

161,260

James Kropp

165,010

Winifred Webb

150,010

Jay Willoughby

150,010
As Of  31 Dec 2019