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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Investments in single-family residential properties:    
Land $ 4,907,452 $ 4,800,110
Building and improvements 16,605,269 15,900,825
Total gross investments in the properties 21,512,721 20,700,935
Less: accumulated depreciation (4,112,685) (3,670,561)
Investments in single-family residential properties, net 17,400,036 17,030,374
Cash and cash equivalents 762,638 262,870
Restricted cash 217,253 191,057
Goodwill 258,207 258,207
Investments in unconsolidated joint ventures 258,030 280,571
Other assets, net 570,034 513,629
Total assets 19,466,198 18,536,708
Liabilities:    
Mortgage loans, net 1,631,973 1,645,795
Secured term loan, net 401,460 401,530
Unsecured notes, net 3,304,082 2,518,185
Term loan facilities, net 3,209,725 3,203,567
Revolving facility 0 0
Accounts payable and accrued expenses 368,065 198,423
Resident security deposits 180,111 175,552
Other liabilities 101,236 70,025
Total liabilities 9,196,652 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 September 30, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 611,958,239 and 611,411,382 outstanding as of September 30, 2023 and December 31, 2022, respectively 6,120 6,114
Additional paid-in capital 11,149,732 11,138,463
Accumulated deficit (1,039,782) (951,220)
Accumulated other comprehensive income 119,728 97,985
Total stockholders' equity 10,235,798 10,291,342
Non-controlling interests 33,748 32,289
Total equity 10,269,546 10,323,631
Total liabilities and equity $ 19,466,198 $ 18,536,708