Bradley Wayne Hughes (known by his middle name, Wayne) is the founder of self-storage company, Public Storage, and American Homes 4 Rent, a single-family rental home REIT.
In 1972, Hughes and partner, Kenneth Volk Jr., jointly invested $50,000 to open a storage facility in El Cajon, California. From there, Hughes used the facility as a launching pad to found the largest self-storage brand in the U.S., Public Storage.
Known for their bright orange signs, Public Storage operates as a real estate investment trust (REIT) running over 2,200 self-storage facilities in North America and Europe. Hughes led the company as president and co-CEO in 1981 and became chairman and sole CEO in 1991. The billionaire retired as Public Storage’s CEO in 2002 and has remained the company’s chairman emeritus since.
Hughes currently owns less than one percent of Public Storage shares and has gifted a majority of his former shares to his children, Tamara Hughes Gustavson and Wayne Hughes Jr.
In 2012, the billionaire businessman founded single-family rental home REIT, American Homes 4 Rent. As of 2020, the real estate investment company owned over 50,000 homes across the U.S. with a large presence in Atlanta, Dallas-Fort Worth, and Charlotte. As one of the earliest entrants to the single-family investment space, Hughes took the company public in 2013 and merged with American Residential Properties, Inc. in 2016.
Hughes serves on the board of directors at his alma mater, the University of Southern California, and he has also given a major gift of $400 million. He was also the donor behind a $5 million gift to USC’s basketball program, naming its court after his high school classmate, friend, and student athlete, Jim Sterkel.
The philanthropist also created and funded the Parker Hughes Cancer Center in Minnesota, which focuses on the treatment and drug development for children’s leukemia and cancer.
Since 1972, Hughes has owned thoroughbred racehorses including 2020 Kentucky Derby and Breeders’ Cup Classic winner, Authentic.
What is Bradley W. Hughes' net worth?
The estimated net worth of Bradley W. Hughes is at least $751.76 million as of November 20th, 2018. Mr. Hughes owns 17,920,478 shares of American Homes 4 Rent stock worth more than $751,764,052 as of August 3rd. This net worth approximation does not reflect any other investments that Mr. Hughes may own.
How do I contact Bradley W. Hughes?
The corporate mailing address for Mr. Hughes and other American Homes 4 Rent executives is 30601 WEST AGOURA ROAD SUITE 200, AGOURA HILLS CA, 91301. American Homes 4 Rent can also be reached via phone at (855) 774-4663 and via email at [email protected]
Has Bradley W. Hughes been buying or selling shares of American Homes 4 Rent?
Bradley W. Hughes has not been actively trading shares of American Homes 4 Rent during the last quarter. Most recently, on Wednesday, May 12th, B Wayne Et Al Hughes bought 54,000 shares of American Homes 4 Rent stock. The stock was acquired at an average cost of $36.93 per share, with a total value of $1,994,220.00.
Are insiders buying or selling shares of American Homes 4 Rent?
In the last year, American Homes 4 Rent insiders bought shares 5 times. They purchased a total of 185,417 shares worth mmore than $5,775,767.08. In the last year, insiders at the real estate investment trust sold shares 11 times. They sold a total of 462,703 shares worth mmore than $14,555,156.32. The most recent insider tranaction occured on May, 12th when B Wayne Et Al Hughes Major Shareholder bought 54,000 shares worth more than $1,994,220.00. Insiders at American Homes 4 Rent own 6.6 % of the company.
Information on this page was last updated on 5/12/2021.