XML 38 R36.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Debt (Details) $ in Thousands | 6 Months Ended |  |  |
--- | --- | --- | --- | ---
Jun. 30, 2015 USD ($) item property | Dec. 31, 2014 USD ($) property | Sep. 30, 2013 USD ($) | Mar. 31, 2013 USD ($)
Debt Instrument |  |  |  |
Asset-backed securitizations | $ 2,063,663 | $ 1,519,390 |  |
Secured note payable | 51,200 | 51,644 |  |
Credit facility | 177,000 | 207,000 |  |
Total debt | $ 2,291,863 | $ 1,778,034 |  |
Number of properties | property | 37,491 | 34,599 |  |
Single-family properties, net | $ 6,162,148 | $ 5,710,671 |  |
2014-SFR 1 |  |  |  |
Debt Instrument |  |  |  |
Asset-backed securitizations | $ 476,160 | 478,565 |  |
Debt instrument initial term | 2 years |  |  |
Number of extension options | item | 3 |  |  |
Period of extension options | 12 months |  |  |
Interest rate (as percent) | 1.79% |  |  |
2014-SFR 2 |  |  |  |
Debt Instrument |  |  |  |
Asset-backed securitizations | $ 509,868 | 512,435 |  |
Interest rate (as percent) | 4.42% |  |  |
2014-SFR 3 |  |  |  |
Debt Instrument |  |  |  |
Asset-backed securitizations | $ 525,776 | 528,390 |  |
Interest rate (as percent) | 4.40% |  |  |
2015-SFR 1 |  |  |  |
Debt Instrument |  |  |  |
Asset-backed securitizations | $ 551,859 |  |  |
Debt instrument initial term | 30 years |  |  |
Interest rate (as percent) | 4.14% |  |  |
Percentage of rate increased in the event of loan not paid | 3.00% |  |  |
2015-SFR 1 | Single family homes |  |  |  |
Debt Instrument |  |  |  |
United States Treasury Term | 10 years |  |  |
Gross proceeds from the sale of certificates | $ 552,800 |  |  |
Issuance costs for the sale of certificates | $ 13,300 |  |  |
Minimum coverage ratio | 1.20 |  |  |
Period of debt service considered for debt coverage ratio | 12 months |  |  |
LIBOR | 2014-SFR 1 |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, description of variable rate | LIBOR |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 0.25% |  |  |
LIBOR | 2014-SFR 1 | Weighted blended interest rate |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, description of variable rate | LIBOR |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 1.54% |  |  |
Borrower | 2015-SFR 1 |  |  |  |
Debt Instrument |  |  |  |
Loan amount | $ 552,800 |  |  |
Borrower | 2015-SFR 1 | Note |  |  |  |
Debt Instrument |  |  |  |
Ratio of monthly principal payment of loan | 0.083 |  |  |
Number of properties | property | 4,661 |  |  |
Single-family properties, net | $ 746,900 |  |  |
Senior Secured Revolving Credit Facility |  |  |  |
Debt Instrument |  |  |  |
Credit facility amount, maximum | $ 800,000 |  | $ 800,000 | $ 500,000
Interest rate (as percent) | 2.94% |  |  |
Senior Secured Revolving Credit Facility | LIBOR |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, description of variable rate | 30 day LIBOR |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 2.75% |  |  |
Senior Secured Revolving Credit Facility | Until March 2017 |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 2.75% |  |  |
Senior Secured Revolving Credit Facility | Until March 2017 | LIBOR |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, description of variable rate | 30 day LIBOR |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 2.75% |  |  |
Senior Secured Revolving Credit Facility | March 2017 and Thereafter |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 3.125% |  |  |
Senior Secured Revolving Credit Facility | March 2017 and Thereafter | LIBOR |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, description of variable rate | 30 day LIBOR |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 3.125% |  |  |
Secured Notes Payable | Note |  |  |  |
Debt Instrument |  |  |  |
Secured note payable | $ 51,200 | $ 51,644 |  |
Interest rate (as percent) | 4.06% |  |  |

X
- Definition Carrying value as of the balance sheet date, of debt obligations collateralized by single family properties. + References No definition available. + Details
Name: | amh_AssetBackedSecuritization
Namespace Prefix: | amh_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the minimum debt service coverage ratio, as defined, pursuant to the financial covenants contained in the debt agreement. + References No definition available. + Details
Name: | amh_DebtInstrumentMinimumCoverageRatio
Namespace Prefix: | amh_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the ratio of monthly principal payment of loan. + References No definition available. + Details
Name: | amh_DebtInstrumentMonthlyPrincipalPaymentRatio
Namespace Prefix: | amh_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the number of extension options for debt instrument. + References No definition available. + Details
Name: | amh_DebtInstrumentNumberOfExtensionOptions
Namespace Prefix: | amh_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the period of extension options for debt instrument. + References No definition available. + Details
Name: | amh_DebtInstrumentPeriodOfExtensionOptions
Namespace Prefix: | amh_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the percentage of rate increased in the event of loan not paid. + References No definition available. + Details
Name: | amh_PercentageOfRateIncreasedInEventOfLoanNotPaid
Namespace Prefix: | amh_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the period of debt service considered for debt coverage ratio. + References No definition available. + Details
Name: | amh_PeriodOfDebtServiceConsideredForDebtCoverageRatio
Namespace Prefix: | amh_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Term of a United States Treasury note for which the bid side yield to maturity will be added to the interest rate on the securitization if it is not repaid within the ten year repayment period. + References No definition available. + Details
Name: | amh_UnitedStateTreasuryTerm
Namespace Prefix: | amh_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of debt issuance costs (for example, but not limited to, legal, accounting, broker, and regulatory fees). + References No definition available. + Details
Name: | us-gaap_DebtIssuanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13, 16 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
Name: | us-gaap_NotesPayable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The number of real estate properties owned as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_NumberOfRealEstateProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Proceeds from securitizations of receivables treated as collateralized borrowings, which are classified as financing transactions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromAccountsReceivableSecuritization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_RealEstateInvestmentPropertyNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtSecurityAxis=amh_AssetBackedSecuritizationsMay2014SecuritizationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtSecurityAxis=amh_AssetBackedSecuritizationsSeptember2014SecuritizationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtSecurityAxis=amh_AssetBackedSecuritizationsNovember2014SecuritizationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtSecurityAxis=amh_AssetBackedSecuritizationsFebruary2015SecuritizationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=amh_SingleFamilyHomesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_WeightedAverageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=amh_SpecialPurposeEntityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_NotesPayableOtherPayablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=amh_SeniorSecuredRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=amh_UntilMarchTwoThousandAndSeventeenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=amh_AfterMarchTwoThousandAndSeventeenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |