Sean Zarinegar is a seasoned business executive in the real estate investment and management industry. With experience that includes time as president, CEO, and chief financial officer, Sean Zarinegar brings a wealth of industry knowledge to his current company, American Housing Income Trust, Inc. (AHIT).
On June 22, 2016, AHIT announced a $9 million direct public offering (DPO) in order to increase its portfolio of single-family homes. Single-family homes are a core focus of AHIT, which promotes them over apartment rentals as part of a broad corporate strategy, that stresses operational efficiency, housing fundamentals, and disciplined acquisition.
An offering of three million shares at three dollars per share, the DPO AHIT announced is a means of raising capital by marketing shares directly to established contacts. These contacts can include friends, customers, and business partners, among others. A direct public offering is less expensive than an initial public offering (IPO), as the former avoids the fees and banking restrictions of an underwritten method of equity financing. However, the scale of a direct public offering is generally smaller than an IPO.
More information about the company is available at www.ahitrust.com.
