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Single-family properties

12 Months Ended

Dec. 31, 2014

Single-family properties

Single-family properties

Note 3. Single-family properties

        Single-family properties, net, consists of the following as of December 31, 2014 and 2013 (dollars in thousands):

		December 31, 2014
		Number of properties			Net book value
Leased single-family properties			28,250		$	4,631,797
Single-family properties being renovated			2,886			476,120
Single-family properties being prepared for re-lease			630			104,974
Vacant single-family properties available for lease			2,807			493,962
Single-family properties held for sale			26			3,818
​	​	​	​	​	​	​	​
Total			34,599		$	5,710,671
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

		December 31, 2013
		Number of properties			Net book value
Leased single-family properties			17,328		$	2,914,947
Single-family properties being renovated			2,463			348,571
Single-family properties being prepared for re-lease			281			45,404
Vacant single-family properties available for lease			3,152			545,931
Single-family properties held for sale			44			6,569
​	​	​	​	​	​	​	​
Total			23,268		$	3,861,422
​	​	​	​	​	​	​	​
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        Single-family properties, net at December 31, 2014 and 2013, included $114.6 million and $120.6 million, respectively, related to properties for which the recorded grant deed has not been received. For these properties, the trustee or seller has warranted that all legal rights of ownership have been transferred to us on the date of the sale, but there is a delay for the deeds to be recorded.

        Depreciation expense related to single-family properties was $150.5 million, $60.3 million and $2.1 million for the years ended December 31, 2014, 2013 and 2012, respectively. Included in single-family properties, net at December 31, 2014 and 2013, are certain single-family properties contributed by AH LLC (see Note 10).

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The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 6

-Subparagraph a

-Article 5



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 970

-SubTopic 360

-Section S99

-Paragraph 1

-Subparagraph (SX 210.12-28)

-URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 28

-Article 12



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Subparagraph Schedule III

-Article 5



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 10

-Subparagraph 4

-Article 9



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 11

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