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Subsequent Events (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended 9 Months Ended
Nov. 05, 2015
$ / shares
Oct. 31, 2015
USD ($)
single_family_property
business_acquired
Oct. 31, 2015
USD ($)
single_family_property
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Subsequent Event          
Aggregate purchase price of properties acquired | $       $ 552,944 $ 914,059
5.0% Series A Participating Preferred Shares          
Subsequent Event          
Preferred stock, dividend rate, percentage       5.00%  
5.0% Series B Participating Preferred Shares          
Subsequent Event          
Preferred stock, dividend rate, percentage       5.00%  
5.5% Series C Participating Preferred Shares          
Subsequent Event          
Preferred stock, dividend rate, percentage       5.50%  
Subsequent Events | Subsequent Acquisitions          
Subsequent Event          
Number of properties acquired | single_family_property   188 188    
Aggregate purchase price of properties acquired | $     $ 26,300    
Subsequent Events | RJ Joint Ventures          
Subsequent Event          
Number of properties acquired | single_family_property   377 377    
Percentage of remaining outside ownership acquired   67.00% 67.00%    
Number of consolidated joint ventures acquired | business_acquired   2      
Purchase price of joint ventures | $   $ 44,400      
Subsequent Events | Class A common shares | Dividend Declared          
Subsequent Event          
Quarterly dividend (in USD per share) $ 0.05        
Subsequent Events | Class B common shares | Dividend Declared          
Subsequent Event          
Quarterly dividend (in USD per share) 0.05        
Subsequent Events | 5.0% Series A Participating Preferred Shares | Dividend Declared          
Subsequent Event          
Quarterly preferred dividend (in USD per share) $ 0.3125        
Preferred stock, dividend rate, percentage 5.00%        
Subsequent Events | 5.0% Series B Participating Preferred Shares | Dividend Declared          
Subsequent Event          
Quarterly preferred dividend (in USD per share) $ 0.3125        
Preferred stock, dividend rate, percentage 5.00%        
Subsequent Events | 5.5% Series C Participating Preferred Shares | Dividend Declared          
Subsequent Event          
Quarterly preferred dividend (in USD per share) $ 0.34375        
Preferred stock, dividend rate, percentage 5.50%