Subsequent events	12 Months Ended
Dec. 31, 2014
Subsequent events.
Subsequent events	Note 17. Subsequent events Subsequent acquisitions From January 1, 2015 through January 31, 2015, we acquired 880 properties with an aggregate purchase price of approximately $131.9 million. We expect that our level of acquisition activity will fluctuate based on the number of suitable investments and on the level of funds available for investment. Borrowings on Credit Facility From January 1, 2015, through January 31, 2015, the Company borrowed an additional $146.0 million under the credit facility. On January 31, 2015, the loan had an outstanding balance of $353.0 million. Declaration of Dividends On January 31, 2015, our board of trustees declared quarterly dividends of $0.05 per Class A common share payable on March 31, 2015, to shareholders of record on March 15, 2015, and $0.05 per Class B common share payable on March 31, 2015, to shareholders of record on March 15, 2015. Additionally, our board of trustees also declared quarterly dividends of $0.3125 per share on the Company's 5.0% Series A Participating Preferred Shares payable on March 31, 2015, to shareholders of record on March 15, 2015, $0.3125 per share on the Company's 5.0% Series B Participating Preferred Shares payable on March 31, 2015, to shareholders of record on March 15, 2015, and $0.34375 per share on the Company's 5.5% Series C Participating Preferred shares payable on March 31, 2015, to shareholders of record on March 15, 2015. Pricing of Securitization Transaction On February 26, 2015, the Company priced a securitization transaction involving the issuance and sale to third parties of single-family rental pass-through certificates that represent beneficial ownership interests in a loan secured by 4,661 single-family residential properties transferred to an affiliate from the Company's portfolio of single-family properties. The Company anticipates gross proceeds from the sale of its certificates of approximately $552.8 million. The certificates will be issued for a thirty-year term with an anticipated repayment date ten years after the closing date. The duration-adjusted weighted-average coupon rate for the certificates for the first ten years is 4.14%. The transaction is expected to close on or about March 6, 2015.

Note 17. Subsequent events

Subsequent acquisitions

From January 1, 2015 through January 31, 2015, we acquired 880 properties with an aggregate purchase price of approximately $131.9 million. We expect that our level of acquisition activity will fluctuate based on the number of suitable investments and on the level of funds available for investment.

Borrowings on Credit Facility

From January 1, 2015, through January 31, 2015, the Company borrowed an additional $146.0 million under the credit facility. On January 31, 2015, the loan had an outstanding balance of $353.0 million.

Declaration of Dividends

On January 31, 2015, our board of trustees declared quarterly dividends of $0.05 per Class A common share payable on March 31, 2015, to shareholders of record on March 15, 2015, and $0.05 per Class B common share payable on March 31, 2015, to shareholders of record on March 15, 2015. Additionally, our board of trustees also declared quarterly dividends of $0.3125 per share on the Company's 5.0% Series A Participating Preferred Shares payable on March 31, 2015, to shareholders of record on March 15, 2015, $0.3125 per share on the Company's 5.0% Series B Participating Preferred Shares payable on March 31, 2015, to shareholders of record on March 15, 2015, and $0.34375 per share on the Company's 5.5% Series C Participating Preferred shares payable on March 31, 2015, to shareholders of record on March 15, 2015.

Pricing of Securitization Transaction

On February 26, 2015, the Company priced a securitization transaction involving the issuance and sale to third parties of single-family rental pass-through certificates that represent beneficial ownership interests in a loan secured by 4,661 single-family residential properties transferred to an affiliate from the Company's portfolio of single-family properties. The Company anticipates gross proceeds from the sale of its certificates of approximately $552.8 million. The certificates will be issued for a thirty-year term with an anticipated repayment date ten years after the closing date. The duration-adjusted weighted-average coupon rate for the certificates for the first ten years is 4.14%. The transaction is expected to close on or about March 6, 2015.