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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments in single-family residential properties:    
Land $ 4,869,884 $ 4,881,890
Building and improvements 16,735,151 16,670,006
Total gross investments in the properties 21,605,035 21,551,896
Less: accumulated depreciation (4,418,164) (4,262,682)
Investments in single-family residential properties, net 17,186,871 17,289,214
Cash and cash equivalents 738,125 700,618
Restricted cash 209,281 196,866
Goodwill 258,207 258,207
Investments in unconsolidated joint ventures 238,330 247,166
Other assets, net 579,124 528,896
Total assets 19,209,938 19,220,967
Liabilities:    
Mortgage loans, net 1,622,036 1,627,256
Secured term loan, net 401,569 401,515
Unsecured notes, net 3,306,873 3,305,467
Term loan facilities, net 3,213,904 3,211,814
Revolving facility 0 0
Accounts payable and accrued expenses 240,538 200,590
Resident security deposits 180,197 180,455
Other liabilities 74,732 103,435
Total liabilities 9,039,849 9,030,532
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, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 612,485,098 and 611,958,239 outstanding as of March 31, 2024 and December 31, 2023, respectively 6,125 6,120
Additional paid-in capital 11,153,703 11,156,736
Accumulated deficit (1,099,957) (1,070,586)
Accumulated other comprehensive income 74,826 63,701
Total stockholders’ equity 10,134,697 10,155,971
Non-controlling interests 35,392 34,464
Total equity 10,170,089 10,190,435
Total liabilities and equity $ 19,209,938 $ 19,220,967