American Homes 4 Rent (AMH) long-term growth depends on the availability of acquisition opportunities in selective target markets at profitable pricing levels. Large real estate investors, existing and prospective apartment buildings and condominium units increases the housing supply and exacerbates competition for tenants, which poses a greater threat to the company. The growth in competition may limit strategic opportunities, increase acquisition costs and limit access to quality tenants. Additionally, market analysts predict the housing market will continue to stabilize and return to more normalized levels; resulting in heightened levels of competition, more costly acquisitions and even a saturated market. This activity will negatively impact
