American Homes 4 Rent (NYSE: AMH) announced today that it has invested in Vesta Ventures Fund 1, LP, a residential proptech venture capital fund.
Vesta Ventures focuses its investments on early-stage companies at the intersection of residential real estate and technology and has proven to support some of the most promising companies in the sector. Vesta Ventures uses a holistic approach to support emerging companies that goes beyond just capital commitments. It uses deep knowledge and an extensive industry network to open up new growth channels for companies and promote further innovation. The company recently co-financed the A-Series for companies such as Elevation Energy Solar Solutions and Pet Screening, a pet risk assessment and support animal validation platform for property managers.
“We are excited to partner with Vesta and expand our focus on residential proptech, In keeping with our commitment to innovation, this investment provides us with access to the newest, cutting-edge technologies that focus on the resident experience and achieving operational efficiencies for our organization. This investment also aligns with our sustainability and ESG principles, as Vesta prioritizes technologies that promote quality, sustainable housing for a greener future.”
– David Singelyn, Chief Executive Officer and Co-Founder of American Homes 4 Rent.
“American Homes 4 Rent is at the forefront of innovation in the residential space, and we are thrilled to partner with them to accelerate growth in the proptech arena, our portfolio of companies includes some of the most exciting businesses in the proptech space that provide tangible ESG benefits to residential owners. We are leveraging our expertise and extensive network to help our partner companies unlock their true potential to define the next era of our industry.”
– Rich Ford, Co-Founder of Vesta Ventures.
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a leader in single-family home rentals, and American Homes 4 Rent is a nationwide brand of rental homes known for high quality, great value, and resident satisfaction. We are an internally managed Maryland Real Estate Investment Trust (REIT) that focuses on the acquisition, construction, renovation, rental, and management of attractive single-family homes. As of September 30, 2021, we have 56,077 single-family homes in select supermarkets in 22 states.
About Vesta Ventures
Founded in early 2021 by industry veterans Rich Ford and Clayton Wyatt, Vesta Ventures is a technology-centric housing platform that invests in highly innovative growth opportunities. Vesta’s private equity fund is backed by leaders in the housing light market and uses its strategic advantage to add value to the business of its portfolios and trust partners.