07:27 AM EDT, 08/15/2024 (MT Newswires) -- American Homes 4 Rent ( AMH ) is in advanced talks to purchase roughly 1,700 US rental houses from Man Group, Bloomberg reported Thursday, citing people familiar with the negotiations.

The homes are located in Florida, Texas, and Nevada, among other states, with average market rents of about $2,100, Bloomberg reported, citing a marketing teaser posted online. According to the report, which cited one of the sources, the deal has not been completed and could still break down.