Related Party Transactions

12 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

As of December 31, 2019 and 2018, affiliates owned approximately 13.6% and 14.0%, respectively, of the Company’s outstanding Class A common shares. On a fully-diluted basis, affiliates held (including consideration of 635,075 Class B common shares and 51,272,165 and 53,985,492 Class A units as of December 31, 2019 and 2018, respectively) an approximate 26.3% and 27.3% interest at December 31, 2019 and 2018, respectively.

Concurrently with the Company’s public offering of Class A common shares in the first quarter of 2017, the Chairman of the Company’s Board of Trustees at that time, B. Wayne Hughes, purchased $50.0 million of the Company’s Class A common shares in a private placement at the public offering price. The Operating Partnership issued an equivalent number of corresponding Class A units to AH4R in exchange for the net proceeds from the issuance.

American Homes 4 Rent

As of December 31, 2019, the Company had a $4.6 million payable related to accrued common distributions to affiliates, compared to a $5.0 million payable related to accrued common distributions to affiliates and an unconsolidated joint venture as of December 31, 2018, which are included in amounts payable to affiliates on the Company’s consolidated balance sheets.

American Homes 4 Rent, L.P.

As of December 31, 2019, the Operating Partnership had a receivable from affiliates of $25.7 million related to the asset-backed securitization certificates held by AH4R, which is included in amounts due from affiliates in the Operating Partnership’s

consolidated balance sheets, and had a $4.6 million payable related to accrued common distributions to affiliates, which is included in amounts payable to affiliates in the Operating Partnership’s consolidated balance sheets. As of December 31, 2018, the Operating Partnership had a receivable from affiliates of $25.7 million related to the asset-backed securitization certificates held by AH4R, which is included in amounts due from affiliates in the Operating Partnership’s consolidated balance sheets, and had a $5.0 million payable related to accrued common distributions to affiliates and an unconsolidated joint venture, which is included in amounts payable to affiliates in the Operating Partnership’s consolidated balance sheets.