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Debt (Details)
1 Months Ended 9 Months Ended
Sep. 30, 2015
USD ($)
single_family_property
Mar. 31, 2015
USD ($)
Sep. 30, 2013
USD ($)
Sep. 30, 2015
USD ($)
single_family_property
extension_option
pass_through_certificate
Dec. 31, 2014
USD ($)
single_family_property
Mar. 31, 2013
USD ($)
Debt Instrument [Line Items]            
Asset-backed securitizations $ 2,536,192,000     $ 2,536,192,000 $ 1,519,390,000  
Secured note payable 50,980,000     50,980,000 51,644,000  
Credit facility 0     0 207,000,000  
Total debt $ 2,587,172,000     $ 2,587,172,000 $ 1,778,034,000  
Investments, Debt, and Equity Securities, Number of Pass-through Certificates | pass_through_certificate       8    
Number of properties | single_family_property 38,377     38,377 34,599  
Single-family properties, net $ 6,267,464,000     $ 6,267,464,000 $ 5,710,671,000  
2014-SFR 1            
Debt Instrument [Line Items]            
Interest rate 1.79%     1.79%    
Asset-backed securitizations $ 474,958,000     $ 474,958,000 478,565,000  
Debt instrument initial term       2 years    
Number of extension options | extension_option       3    
Period of extension options       12 months    
2014-SFR 2            
Debt Instrument [Line Items]            
Interest rate 4.42%     4.42%    
Asset-backed securitizations $ 508,587,000     $ 508,587,000 512,435,000  
2014-SFR 3            
Debt Instrument [Line Items]            
Interest rate 4.40%     4.40%    
Asset-backed securitizations $ 524,429,000     $ 524,429,000 528,390,000  
2015-SFR 1            
Debt Instrument [Line Items]            
Interest rate 4.14% 4.14%   4.14%    
Asset-backed securitizations $ 550,502,000     $ 550,502,000 0  
Debt instrument initial term   30 years        
Percentage of rate increased in the event of loan not paid   3.00%        
2015-SFR 1 | Single Family Homes            
Debt Instrument [Line Items]            
United States Treasury term   10 years        
Gross proceeds from the sale of certificates   $ 552,800,000.0        
Issuance costs for the sale of certificates   $ 13,300,000        
Minimum coverage ratio   1.20        
Period of debt service considered for debt coverage ratio   12 months        
2015-SFR 2            
Debt Instrument [Line Items]            
Interest rate 4.36%     4.36%    
Asset-backed securitizations $ 477,716,000     $ 477,716,000 0  
LIBOR | 2014-SFR 1            
Debt Instrument [Line Items]            
Debt instrument, description of variable rate       LIBOR    
Debt instrument, basis spread on variable rate       0.25%    
LIBOR | 2014-SFR 1 | Weighted blended interest rate            
Debt Instrument [Line Items]            
Debt instrument, description of variable rate       LIBOR    
Debt instrument, basis spread on variable rate       1.54%    
Borrower | 2015-SFR 1            
Debt Instrument [Line Items]            
Loan amount   $ 552,800,000.0        
Borrower | 2015-SFR 1 | Note            
Debt Instrument [Line Items]            
Ratio of monthly principal payment of loan   0.00083        
Number of properties | single_family_property 4,661     4,661    
Single-family properties, net $ 741,500,000     $ 741,500,000    
Borrower | 2015-SFR 2            
Debt Instrument [Line Items]            
Asset-backed securitizations $ 477,716,000     $ 477,716,000    
Debt instrument, basis spread on variable rate 3.00%          
Debt instrument initial term 30 years          
Debt, duration-adjusted weighted-average rate 4.36%     4.36%    
United States Treasury term 10 years          
Loan amount $ 477,700,000     $ 477,700,000    
Issuance costs for the sale of certificates $ 11,300,000          
Minimum coverage ratio 1.20          
Single-family properties, net $ 686,800,000     $ 686,800,000    
Borrower | 2015-SFR 2 | Single Family Homes            
Debt Instrument [Line Items]            
Number of properties | single_family_property 4,125     4,125    
Senior Secured Revolving Credit Facility            
Debt Instrument [Line Items]            
Interest rate 2.96%     2.96%    
Credit facility amount, maximum     $ 800,000,000.0     $ 500,000,000
Senior Secured Revolving Credit Facility | Until March 2017            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate 2.75%          
Senior Secured Revolving Credit Facility | Until March 2017 | LIBOR            
Debt Instrument [Line Items]            
Debt instrument, description of variable rate     30 day LIBOR      
Debt instrument, basis spread on variable rate     2.75%      
Senior Secured Revolving Credit Facility | March 2017 and Thereafter            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate 3.125%          
Senior Secured Revolving Credit Facility | March 2017 and Thereafter | LIBOR            
Debt Instrument [Line Items]            
Debt instrument, description of variable rate     30 day LIBOR      
Debt instrument, basis spread on variable rate     3.125%      
Secured Notes Payable | Note            
Debt Instrument [Line Items]            
Interest rate 4.06%     4.06%    
Secured note payable $ 50,980,000     $ 50,980,000 $ 51,644,000