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Investments in Single-Family Residential Properties | 3 Months Ended
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Mar. 31, 2017
Real Estate [Abstract] |
Investments in Single-Family Residential Properties | Note 3—Investments in Single-Family Residential Properties The following table sets forth the net carrying amount associated with our properties by component:
|  | March 31, 2017 |  | December 31, 2016
Land |  | $ | 2,701,437 |  |  | $ | 2,703,388 |
Single-family residential property |  | 6,818,318 |  |  | 6,829,579 |
Capital improvements |  | 228,643 |  |  | 229,890 |
Equipment |  | 31,717 |  |  | 31,988 |
Total gross investments in the properties |  | 9,780,115 |  |  | 9,794,845 |
Less: accumulated depreciation |  | (853,399 | ) |  | (792,330 | )
Investments in single-family residential properties, net |  | $ | 8,926,716 |  |  | $ | 9,002,515 |
As of March 31, 2017 and December 31, 2016, the carrying amount of the residential property above included $121,727 and $122,009, respectively, of capitalized acquisition costs (excluding purchase price), along with $61,989 and $62,169, respectively, of capitalized interest, $25,957 and $26,050, respectively, of capitalized property taxes, $4,739 and $4,764, respectively, of capitalized insurance, and $2,884 and $2,890, respectively, of capitalized HOA fees. During the three months ended March 31, 2017 and 2016, we recognized $66,653 and $64,409, respectively, of depreciation expense related to the components of the properties, and $924 and $1,293, respectively, of depreciation and amortization related to corporate furniture and equipment. These amounts are included in depreciation and amortization on the condensed consolidated statements of operations. Further, during the years ended March 31, 2017 and 2016, impairments totaling $1,037 and $0, respectively, have been recognized and are included in impairment and other on the condensed consolidated statements of operations.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-06(1)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e604059-122996 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule III)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(4)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 235 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-24) -URI http://asc.fasb.org/extlink&oid=34714203&loc=d3e608456-123001 + Details
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