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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Single-family properties:    
Land $ 982,959 $ 728,362
Buildings and improvements 4,296,874 3,188,693
Single-family properties held for sale 5,574 6,569
Single-family properties, gross 5,285,407 3,923,624
Less: accumulated depreciation (167,664) (62,202)
Single-family properties, net 5,117,743 3,861,422
Cash and cash equivalents 103,939 148,989
Restricted cash 59,212 26,430
Rent and other receivables, net 5,637 6,863
Escrow deposits, prepaid expenses and other assets 60,685 39,212
Deferred costs and other intangibles, net 42,807 20,573
Asset -backed securitization certificates 25,666 0
Goodwill 120,655 120,655
Total assets 5,536,344 4,224,144
Liabilities    
Credit facility 82,000 375,000
Asset-backed securitizations 993,058 0
Accounts payable and accrued expenses 135,789 103,397
Amounts payable to affiliates 10,170 0
Contingently convertible Series E units liability 71,050 66,938
Preferred shares derivative liability 57,420 28,150
Total liabilities 1,349,487 573,485
Commitments and contingencies      
Shareholders' equity:    
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 17,060,000 and 9,060,000 issued and outstanding at September 30, 2014 and December 31, 2013, respectively 171 91
Additional paid-in capital 3,614,428 2,996,478
Accumulated deficit (140,277) (63,479)
Accumulated other comprehensive loss (196) 0
Total shareholders' equity 3,476,240 2,934,944
Noncontrolling interest 710,617 715,715
Total equity 4,186,857 3,650,659
Total liabilities and equity 5,536,344 4,224,144
Class A common shares
    
Shareholders' equity:    
Common shares, value 2,108 1,848
Class B common shares
    
Shareholders' equity:    
Common shares, value $ 6 $ 6