B. Wayne Hughes, the entrepreneur behind three publicly traded companies in the Valley region, died Aug. 18 at age 87.

Glendale-based Public Storage announced the passing of its co-founder and chairman emeritus. American Homes 4 Rent Inc. in Calabasas, another Hughes company, also issued a tribute to its founder and former chairman.

Hughes’ other companies include PS Business Parks Inc. in Glendale; Spendthrift Farm, the thoroughbred racehorse facility in Kentucky where he died; and American Commercial Equities, a real estate company with properties in California and Hawaii.

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