The housing crisis of 2008-2010 created a new population segment of tens of millions of renters. These are persons or families that were foreclosed on, or who can no longer qualify for home mortgages under newly strict banking standards. The housing crisis also left a negative image of home ownership on the public’s mind – younger renters enjoy the flexibility of renting, while older renters enjoy not being responsible for repairs. AHR buys homes in markets with stable or increasing populations, in stable neighborhoods that are renter-desirable (no outlying subdivisions under 100 occupied homes). AHR’s target dividend of 8% has been achieved by purchasing only AHR-seen homes, in small batches, versus other funds sight-unseen purchasing of large batches of distressed homes which have led them to high vacancy and maintenance rates.
