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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%