Man Group Said to Near Deal to Sell 1,700 Rental Homes to AMH

Man Group Plc, the world’s biggest publicly traded hedge fund firm, is in advanced talks to sell a portfolio of roughly 1,700 US rental houses to single-family landlord AMH, according to people familiar with the negotiations.

Man Group, headquartered in London, is being advised by Roofstock, which dubbed the portfolio “Project Monarch,” said one of the people, who asked not to be named because the matter is private.

The homes are located in Florida, Texas and Nevada, among other states, with average market rents of nearly $2,100, according to a marketing teaser posted online. The deal hasn’t been ...