American Homes 4 Rent 10-K

ITEM 2. PROPERTIES The following table summarizes certain key single-family properties metrics as of December 31, 2021: Market Number of Single-Family Properties (1) % of Total Single-Family Properties Gross Book Value (millions) % of Gross Book Value Total Avg. Gross Book Value per Property Avg. Sq. Ft. Avg. Property Age (years) Avg. Year Purchased or Delivered Atlanta, GA 5,498 9.8 % $ 1,107.9 9.8 % $ 201,504 2,165 17.3 2016 Dallas-Fort Worth, TX 4,320 7.7 % 735.8 6.5 % 170,321 2,116 17.6 2014 Charlotte, NC 3,897 6.9 % 794.0 7.0 % 203,751 2,099 17.1 2015 Phoenix, AZ 3,296 5.8 % 632.7 5.6 % 191,969 1,836 18.0 2015 Houston, TX 2,914 5.2 % 495.7 4.4 % 170,106 2,099 15.9 2014 Nashville, TN 3,067 5.4 % 700.2 6.2 % 228,285 2,107 15.6 2015 Indianapolis, IN 2,919 5.2 % 478.2 4.2 % 163,831 1,928 19.0 2014 Tampa, FL 2,635 4.7 % 559.4 4.9 % 212,303 1,942 14.9 2015 Jacksonville, FL 2,721 4.8 % 540.2 4.8 % 198,525 1,939 14.4 2015 Raleigh, NC 2,165 3.8 % 417.8 3.7 % 192,990 1,883 16.2 2015 Columbus, OH 2,139 3.8 % 392.3 3.5 % 183,419 1,870 19.7 2015 Cincinnati, OH 2,104 3.7 % 393.3 3.5 % 186,948 1,851 19.1 2014 Orlando, FL 1,824 3.2 % 355.6 3.1 % 194,952 1,901 18.8 2015 Greater Chicago area, IL and IN 1,700 3.0 % 317.2 2.8 % 186,612 1,870 20.3 2013 Salt Lake City, UT 1,762 3.1 % 492.7 4.4 % 279,643 2,212 16.6 2015 Charleston, SC 1,463 2.6 % 319.6 2.8 % 218,479 1,974 11.8 2016 Las Vegas, NV 1,515 2.7 % 351.5 3.1 % 232,029 1,875 14.6 2015 Austin, TX 794 1.4 % 160.3 1.4 % 201,922 1,965 13.0 2015 San Antonio, TX 1,292 2.3 % 238.1 2.1 % 184,267 1,946 13.8 2015 Savannah/Hilton Head, SC 974 1.7 % 187.3 1.7 % 192,293 1,884 13.5 2016 All Other (2) 7,366 13.2 % 1,650.6 14.5 % 224,087 1,905 17.1 2015 Total/Average 56,365 100.0 % $ 11,320.4 100.0 % $ 200,841 1,988 16.8 2015 (1) Excludes 659 single-family properties classified as held for sale as of December 31, 2021. (2) Represents 15 markets in 13 states. For details on material encumbrances on our properties, see “Schedule III—Real Estate and Accumulated Depreciation” included in Part IV, “Item 15. Exhibit and Financial Statement Schedules” of this Annual Report on Form 10-K. Property and Management We lease office space in Calabasas, California for our current company headquarters, own commercial real estate in Las Vegas, Nevada for our operational headquarters and where certain of our officers are located and lease office space in 25 locations in 15 states.