American Homes 4 Rent is heading to the bond market.
The Agoura Hills-based firm, one of the biggest players in the burgeoning single-family rental industry, said Tuesday that it plans to issue bonds through a subsidiary backed by a stream of rental income from some of its more than 20,000 homes.
Because the sale is a private placement, American Homes 4 Rent did not give an amount it's seeking to raise but said the bond sale will start this week.
American Homes 4 rent is the third big player in the single-family rental business to attempt to securitize its rental income. Blackstone Group and Colony American Homes have issued similar bonds, while other big buyers...