American Homes 4 Rent (AH4R) has repaid the $342.1 million loan that serves as collateral for its first securitization of single-family rental properties, ARP 2014-SFR1.

It’s only the second time a deal in this relatively new asset class has been repaid. In July, Progress Residential refinanced its first securitization, rolling much of the collateral into a new deal.

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