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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rents from single-family properties $ 104,210 $ 47,364 $ 266,842 $ 70,879
Fees from single-family properties 1,529 1,476 4,776 2,230
Tenant charge-backs 4,282 323 9,310 370
Other 372 300 1,047 663
Total revenues 110,393 49,463 281,975 74,142
Property operating expenses        
Leased single-family properties 50,583 17,579 116,639 26,941
Vacant single-family properties and other 3,885 7,873 19,279 13,993
General and administrative expense 5,291 2,742 16,068 5,178
Advisory fees 0 0 0 6,352
Interest expense 5,112 0 10,502 370
Noncash share-based compensation expense 751 153 1,895 606
Acquisition fees and costs expensed 14,550 496 15,921 3,985
Depreciation and amortization 44,855 24,043 118,311 37,827
Total expenses 125,027 52,886 298,615 95,252
Gain on remeasurement of equity method investment 0 0 0 10,945
Remeasurement of Series E units 3,588 (438) (4,112) (438)
Remeasurement of Preferred shares (1,750) 0 (2,348) 0
Loss from continuing operations (12,796) (3,861) (23,100) (10,603)
Discontinued operations        
Gain on disposition of single-family properties 0 0 0 904
Income from discontinued operations 0 0 0 104
Income from discontinued operations 0 0 0 1,008
Net loss (12,796) (3,861) (23,100) (9,595)
Noncontrolling interest 3,382 3,798 11,214 9,357
Dividends on preferred shares 5,569 0 13,359 0
Conversion of preferred units 0 0 0 10,456
Net loss attributable to common shareholders $ (21,747) $ (7,659) $ (47,673) $ (29,408)
Weighted-average shares outstanding-basic and diluted (in shares) 202,547,677 162,725,150 191,251,638 102,729,661
Net loss per share-basic and diluted:        
Loss from continuing operations (in dollars per share) $ (0.11) $ (0.05) $ (0.25) $ (0.30)
Income from discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.01
Net loss attributable to common shareholders per share-basic and diluted (in dollars per share) $ (0.11) $ (0.05) $ (0.25) $ (0.29)