American Housing Reits Inc
U.S. OTCBB-listed American Housing REIT Inc. (“AHR”) acquires, leases, and manages single-family homes. AHR owns a portfolio of single-family rentals (“SFRs”) situated primarily in Texas, Florida, and Georgia, and AHR seeks to pay a higher-than-average 8% target annualised yield quarterly. As of June 30, 2015, it owned 173 properties located in the above-mentioned destinations.
To achieve this targeted 8% dividend yield, AHR cherry-picks individual homes carefully, projecting yields based on location, condition, tenant profile and its potential for capital appreciation. This highly selective strategy allows AHR to distribute a target annualised yield of 8% compared to the market average of 5% per annum.
The company was formerly known as Ontarget360 Group, Inc. and changed its name to American Housing REIT Inc. in September 2013. American Housing REIT Inc. was founded in 2009 and is based in Bethesda, Maryland.