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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Single-family properties:    
Land $ 797,079 $ 728,362
Buildings and improvements 3,507,526 3,188,693
Single-family properties held for sale 6,226 6,569
Single-family properties, gross 4,310,831 3,923,624
Less: accumulated depreciation (92,177) (62,202)
Single-family properties, net 4,218,654 3,861,422
Cash and cash equivalents 103,249 148,989
Restricted cash for resident security deposits 32,586 26,430
Rent and other receivables, net 6,180 6,863
Escrow deposits, prepaid expenses and other assets 24,081 39,212
Deferred costs and other intangibles, net 18,628 20,573
Goodwill 120,655 120,655
Total assets 4,524,033 4,224,144
Liabilities    
Credit facility 671,000 375,000
Accounts payable and accrued expenses 112,583 103,397
Amounts payable to affiliates 6,799  
Contingently convertible Series E units liability 69,694 66,938
Preferred shares derivative liability 29,849 28,150
Total liabilities 889,925 573,485
Commitments and contingencies      
Shareholders' equity:    
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 9,460,000 and 9,060,000 issued and outstanding at March 31, 2014 and December 31, 2013, respectively 95 91
Additional paid-in capital 3,004,928 2,996,478
Accumulated deficit (86,430) (63,479)
Total shareholders' equity 2,920,447 2,934,944
Noncontrolling interest 713,661 715,715
Total equity 3,634,108 3,650,659
Total liabilities and equity 4,524,033 4,224,144
Class A common shares
    
Shareholders' equity:    
Common shares, value 1,848 1,848
Class B common shares
    
Shareholders' equity:    
Common shares, value $ 6 $ 6