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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Single-family properties:    
Land $ 1,218,547 $ 1,104,409
Buildings and improvements 5,401,857 4,808,706
Single-family properties held for sale 6,472 3,818
Single-family properties excluding accumulated depreciation 6,626,876 5,916,933
Less: accumulated depreciation (359,412) (206,262)
Single-family properties, net 6,267,464 5,710,671
Cash and cash equivalents 238,417 108,787
Restricted cash 106,973 77,198
Rent and other receivables, net 17,527 11,009
Escrow deposits, prepaid expenses and other assets 118,444 118,783
Deferred costs and other intangibles, net 70,670 54,582
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,655 120,655
Total assets 6,965,816 6,227,351
Liabilities    
Credit facility 0 207,000
Asset-backed securitizations 2,536,192 1,519,390
Secured note payable 50,980 51,644
Accounts payable and accrued expenses 234,651 149,706
Contingently convertible Series E units liability 68,601 72,057
Preferred shares derivative liability 60,260 57,960
Total liabilities $ 2,950,684 $ 2,057,757
Commitments and contingencies
Shareholders’ equity:    
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 17,060,000 issued and outstanding at September 30, 2015, and December 31, 2014 $ 171 $ 171
Additional paid-in capital 3,566,892 3,618,207
Accumulated deficit (265,988) (170,162)
Accumulated other comprehensive loss (148) (229)
Total shareholders’ equity 3,303,007 3,450,101
Noncontrolling interest 712,125 719,493
Total equity 4,015,132 4,169,594
Total liabilities and equity 6,965,816 6,227,351
Class A common shares    
Shareholders’ equity:    
Common stock, value, issued 2,074 2,108
Class B common shares    
Shareholders’ equity:    
Common stock, value, issued $ 6 $ 6