|By PR Newswire||
|December 5, 2012 07:28 PM EST||
SCOTTSDALE, Ariz., Dec. 5, 2012 /PRNewswire/ -- American Residential Properties, Inc. announced today that it intends to file a registration statement relating to the proposed initial public offering of its common stock. The company intends to use the proceeds of the proposed offering to fund the acquisition of single-family residential properties and other assets related to the single-family housing industry, and for other general corporate purposes.
American Residential Properties, Inc. anticipates that the shares would be sold to the public through an underwritten offering during the first quarter of 2013, subject to market conditions.
This press release shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities. The offering will be made only through means of a prospectus. No assurance can be given that the proposed offering can be completed on acceptable terms.
SOURCE American Residential Properties, Inc.