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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Single-family properties:    
Land $ 728,362 $ 96,139
Buildings and improvements 3,188,693 411,706
Single-family properties held for sale 6,569  
Single-family properties, gross 3,923,624 507,845
Less: accumulated depreciation (62,202) (2,132)
Single-family properties, net 3,861,422 505,713
Cash and cash equivalents 148,989 397,198
Restricted cash for resident security deposits 26,430  
Rent and other receivables, net 6,863 6,586
Escrow deposits, prepaid expenses and other assets 39,212 11,961
Deferred costs and other intangibles, net 20,573  
Goodwill 120,655  
Total assets 4,224,144 921,458
Liabilities    
Credit facility 375,000  
Accounts payable and accrued expenses 103,397 11,282
Amounts payable to affiliates   5,012
Contingently convertible Series E units liability 66,938   
Preferred shares derivative liability 28,150   
Total liabilities 573,485 16,294
Commitments and contingencies      
Shareholders' equity:    
Preferred shares, value 91  
Additional paid-in capital 2,996,478 914,565
Accumulated deficit (63,479) (10,278)
Total shareholders' equity 2,934,944 904,674
Noncontrolling interest 715,715 490
Total equity 3,650,659 905,164
Total liabilities and equity 4,224,144 921,458
Class A Common Shares [Member]
    
Shareholders' equity:    
Common shares, value 1,848 387
Class B Common Shares [Member]
    
Shareholders' equity:    
Common shares, value $ 6