A third company has securitized rents from a portfolio of single family homes, and this deal was a bigger hit with investors than last one.

American Homes 4 Rent sold a total of $480 million of notes backed by rental payments this week. In a press release issued late Tuesday, the company said it anticipates gross proceeds from the sale of its certificates of approximately $481 million, with a duration-weighted blended interest rate of LIBOR plus 154 basis points.

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