TEXT-EXTRACT 2 filename2.txt Mail Stop 3233 September 5, 2018 Via E-mail Christopher C. Lau Chief Financial Officer American Homes 4 Rent 30601 Agoura Road, Suite 200 Agoura Hills, CA 91301 Re: American Homes 4 Rent and American Homes 4 Rent, L.P. Form 10-K for the year ended December 31, 2017 Filed February 23, 2018 File Nos. 1-36013 and 333-221878-02 Dear Mr. Lau: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations, page 42 1. We note your discussion of changes in core revenues and core property operating expenses, which appear to be non-GAAP measures. Please expand your disclosure in future filings to include a discussion of changes in revenues, property operating expenses and property management expenses as presented in your consolidated statements of operations. Christopher C. Lau American Homes 4 Rent September 5, 2018 Page 2 Contractual Obligations, page 55 2. It does not appear that you have included interest payments in your contractual obligations table. Please confirm that you will disclose the amount of interest related to your debt in future filings. Please refer to footnote 46 in our Release 33-8350. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact William Demarest, Accountant at 202-551-3432 or me at 202-551-3295 with any questions. Sincerely, /s/ Jennifer Monick Jennifer Monick Assistant Chief Accountant Office of Real Estate & Commodities