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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments in single-family residential properties:    
Land $ 4,800,110 $ 4,737,938
Building and improvements 15,900,825 15,270,443
Total gross investments in the properties 20,700,935 20,008,381
Less: accumulated depreciation (3,670,561) (3,073,059)
Investments in single-family residential properties, net 17,030,374 16,935,322
Cash and cash equivalents 262,870 610,166
Restricted cash 191,057 208,692
Goodwill 258,207 258,207
Investments in unconsolidated joint ventures 280,571 130,395
Other assets, net 513,629 395,064
Total assets 18,536,708 18,537,846
Liabilities:    
Mortgage loans, net 1,645,795 3,055,853
Secured term loan, net 401,530 401,313
Unsecured notes, net 2,518,185 1,921,974
Term loan facilities, net 3,203,567 2,478,122
Revolving facility 0 0
Convertible senior notes, net 0 141,397
Accounts payable and accrued expenses 198,423 193,633
Resident security deposits 175,552 165,167
Other liabilities 70,025 341,583
Total liabilities 8,213,077 8,699,042
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding as of December 31, 2022 and 2021 0 0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 611,411,382 and 601,045,438 outstanding as of December 31, 2022 and 2021, respectively 6,114 6,010
Additional paid-in capital 11,138,463 10,873,539
Accumulated deficit (951,220) (794,869)
Accumulated other comprehensive income (loss) 97,985 (286,938)
Total stockholders' equity 10,291,342 9,797,742
Non-controlling interests 32,289 41,062
Total equity 10,323,631 9,838,804
Total liabilities and equity $ 18,536,708 $ 18,537,846