The REIT is owned by Alset EHome, an indirect 99.99%-owned subsidiary of Alset International.
Alset International, on Dec 10, announced that it has proposed to dispose of its stake in American Home REIT to its controlling shareholder, Alset Inc., for a total consideration of US$26.3 million ($35.6 million).
Alset Inc. owns some 85.43% in Catalist-listed Alset International.
