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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net loss $ (36,601) $ (23,100)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 180,685 118,311
Noncash amortization of deferred financing costs 5,769 919
Noncash share-based compensation 2,343 1,895
Provision for bad debt 5,005 4,429
Remeasurement of Series E units (3,456) 4,112
Remeasurement of preferred shares 2,300 2,348
Equity in net income of unconsolidated ventures 385 62
Other changes in operating assets and liabilities:    
Rent and other receivables (13,071) (3,927)
Restricted cash for resident security deposits (10,239) (13,232)
Prepaid expenses and other assets (5,140) 6,331
Deferred leasing costs (7,733) (5,096)
Accounts payable and accrued expenses 27,184 18,150
Resident security deposit liability 10,239 13,232
Amounts payable to affiliates (1,721) 7,218
Net cash provided by operating activities 155,949 131,652
Investing activities    
Cash paid for single-family properties (552,944) (914,059)
Escrow deposits for purchase of single-family properties (2,050) (37,834)
Increase in restricted cash related to lender requirements (19,536) (19,550)
Cash and cash equivalents 0 2,202
Beazer Rental Homes acquisition 0 (108,246)
Investment in unconsolidated joint ventures (10,003) (13,932)
Investments in mortgage financing receivables (11,227) (23,744)
Initial renovations to single-family properties (125,158) (136,150)
Other capital expenditures for single-family properties (23,008) (10,051)
Net cash used for investing activities (743,926) (1,261,364)
Financing activities    
Net proceeds from issuance of preferred shares 0 189,433
Proceeds from exercise of stock options 225 431
Proceeds from asset-backed securitizations 1,030,559 968,594
Payments on asset-backed securitizations (13,757) (1,202)
Proceeds from credit facility 799,000 1,174,000
Payments on credit facility (1,006,000) (1,467,000)
Payments on secured note (664) 0
Distributions to noncontrolling interests (18,163) (17,827)
Distributions to common shareholders (31,723) (29,125)
Distributions to preferred shareholders (16,707) (13,359)
Deferred financing costs paid (25,163) (27,900)
Net cash provided by financing activities 717,607 1,084,662
Net (decrease) increase in cash and cash equivalents 129,630 (45,050)
Cash and cash equivalents, beginning of period 108,787 148,989
Cash and cash equivalents, end of period 238,417 103,939
Supplemental cash flow information    
Cash payments for interest (56,005) (15,654)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions 531 (4,631)
Amounts payable to affiliates related to property acquisitions 0 (1,883)
Accrued distribution to Series C convertible units 4,698 4,698
Repurchase of Class A common shares 53,778 0
Acquisitions for equity    
Single-family properties 0 144,834
Cash and cash equivalents 0 2,202
Other net assets and liabilities 0 (4,886)
Deferred costs and other intangibles 0 2,655
Class A common shares 0 (82)
Additional paid-in capital 0 (144,723)
Class A Units    
Financing activities    
Net proceeds from issuance of Class A common shares $ 0 $ 308,617