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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments in single-family residential properties:    
Land $ 4,789,118 $ 4,800,110
Building and improvements 15,943,278 15,900,825
Total gross investments in the properties 20,732,396 20,700,935
Less: accumulated depreciation (3,818,228) (3,670,561)
Investments in single-family residential properties, net 16,914,168 17,030,374
Cash and cash equivalents 325,277 262,870
Restricted cash 203,019 191,057
Goodwill 258,207 258,207
Investments in unconsolidated joint ventures 272,906 280,571
Other assets, net 529,629 513,629
Total assets 18,503,206 18,536,708
Liabilities:    
Mortgage loans, net 1,641,959 1,645,795
Secured term loan, net 401,351 401,530
Unsecured notes, net 2,519,100 2,518,185
Term loan facilities, net 3,205,643 3,203,567
Revolving facility 0 0
Accounts payable and accrued expenses 226,412 198,423
Resident security deposits 176,697 175,552
Other liabilities 79,541 70,025
Total liabilities 8,250,703 8,213,077
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 611,863,780 and 611,411,382 outstanding as of March 31, 2023 and December 31, 2022, respectively 6,119 6,114
Additional paid-in capital 11,136,457 11,138,463
Accumulated deficit (989,431) (951,220)
Accumulated other comprehensive income 66,326 97,985
Total stockholders' equity 10,219,471 10,291,342
Non-controlling interests 33,032 32,289
Total equity 10,252,503 10,323,631
Total liabilities and equity $ 18,503,206 $ 18,536,708