American Homes 4 Rent 10-K

ITEM 2. PROPERTIES The following table summarizes certain key single-family properties metrics as of December 31, 2022: 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 5,805 10.0 % $ 1,256.1 10.2 % $ 216,381 2,167 17.1 2016 Dallas-Fort Worth, TX 4,224 7.3 % 735.7 6.0 % 174,165 2,108 18.5 2014 Charlotte, NC 3,962 6.8 % 837.2 6.8 % 211,311 2,105 17.5 2015 Phoenix, AZ 3,405 5.9 % 711.9 5.8 % 209,085 1,838 18.6 2015 Nashville, TN 3,238 5.6 % 775.8 6.3 % 239,592 2,110 15.7 2016 Indianapolis, IN 2,910 5.0 % 499.4 4.1 % 171,612 1,930 19.9 2014 Houston, TX 2,642 4.6 % 465.1 3.8 % 176,023 2,095 17.0 2014 Jacksonville, FL 2,891 5.0 % 602.9 4.9 % 208,527 1,931 14.5 2016 Tampa, FL 2,729 4.7 % 602.7 4.9 % 220,833 1,939 15.5 2016 Raleigh, NC 2,177 3.8 % 429.2 3.5 % 197,136 1,889 16.9 2015 Columbus, OH 2,110 3.6 % 397.3 3.2 % 188,290 1,869 20.6 2015 Cincinnati, OH 2,131 3.7 % 414.1 3.4 % 194,337 1,844 20.0 2014 Orlando, FL 1,867 3.2 % 379.1 3.1 % 203,033 1,897 19.3 2015 Salt Lake City, UT 1,908 3.3 % 575.9 4.7 % 301,837 2,242 16.3 2016 Greater Chicago area, IL and IN 1,611 2.8 % 304.3 2.5 % 188,859 1,869 21.3 2013 Las Vegas, NV 1,854 3.2 % 493.2 4.0 % 266,016 1,908 13.0 2016 Charleston, SC 1,524 2.6 % 345.7 2.8 % 226,808 1,963 12.1 2017 San Antonio, TX 1,325 2.3 % 258.1 2.1 % 194,760 1,933 14.2 2015 Seattle, WA 1,141 2.0 % 369.9 3.0 % 324,227 1,996 13.0 2017 Savannah/Hilton Head, SC 1,042 1.8 % 216.6 1.8 % 207,830 1,889 14.2 2016 All Other (2) 7,382 12.8 % 1,654.9 13.1 % 224,184 1,902 17.1 2015 Total/Average 57,878 100.0 % $ 12,325.1 100.0 % $ 212,950 1,989 17.1 2015 (1) Excludes 1,115 single-family properties held for sale as of December 31, 2022. (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 own commercial real estate in Las Vegas, Nevada, which serves as our principal executive offices. We also lease commercial office space in Calabasas, California, where certain corporate functions are located, as well as an additional 27 locations in 16 states for other operational and development personnel.