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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 6 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Rents from single-family properties $ 65 $ 132,722 $ 4,540
Other revenues from single-family properties   5,227  
Other   1,083  
Total revenues 65 139,032 4,540
Expenses:      
Leased single-family properties 27 51,411 1,744
Vacant single-family properties and other 12 22,341 1,846
General and administrative expense 47 8,845 7,199
Advisory fees   6,352 937
Interest expense   370  
Noncash share-based compensation expense   1,079 70
Acquisition fees and costs expensed   4,799 869
Depreciation and amortization 21 70,987 2,111
Total expenses 107 166,184 14,776
Gain on remeasurement of equity method investment   10,945  
Remeasurement of Series E units   (2,057)  
Remeasurement of Preferred shares   (1,810)  
Loss from continuing operations (42) (20,074) (10,236)
Discontinued operations      
Gain on disposition of single-family properties   904  
Income from discontinued operations   104  
Total income from discontinued operations   1,008  
Net loss (42) (19,066) (10,236)
Noncontrolling interest   13,245  
Dividends on preferred shares   1,160  
Conversion of preferred units   10,456  
Net loss attributable to common shareholders $ (42) $ (43,927) $ (10,236)
Weighted average shares outstanding - basic and diluted 3,301,667 123,592,086 7,225,512
Net loss per share - basic and diluted:      
Loss from continuing operations $ (0.01) $ (0.37) $ (1.42)
Income from discontinued operations   $ 0.01  
Net loss attributable to common shareholders per share - basic and diluted $ (0.01) $ (0.36) $ (1.42)