American Homes 4 Rent has priced its second securitization transaction.

In a press release, the company said that it anticipates gross proceeds from the sale of its certificates of approximately $488 million, with an initial fixed weighted average coupon rate of 4.386% for a 10-year term. The transaction is intended to reduce the company's long-term cost of capital and is to close on or about September 19, 2014.

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