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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Single-family properties:    
Land $ 1,229,017 $ 1,104,409
Buildings and improvements 5,469,533 4,808,706
Single-family properties held for sale 7,432 3,818
Single-family properties, gross 6,705,982 5,916,933
Less: accumulated depreciation (416,044) (206,262)
Single-family properties, net 6,289,938 5,710,671
Cash and cash equivalents 57,686 108,787
Restricted cash 111,282 77,198
Rent and other receivables, net 13,936 11,009
Escrow deposits, prepaid expenses and other assets 121,627 118,783
Deferred costs and other intangibles, net 66,996 54,582
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,655 120,655
Total assets 6,807,786 6,227,351
Liabilities    
Credit facility 0 207,000
Asset-backed securitizations 2,530,210 1,519,390
Secured note payable 50,752 51,644
Accounts payable and accrued expenses 154,751 149,706
Amounts payable to affiliates 4,093 0
Contingently convertible Series E units liability 69,957 72,057
Preferred shares derivative liability 62,790 57,960
Total liabilities $ 2,872,553 $ 2,057,757
Commitments and contingencies
Shareholders' equity:    
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 17,060,000 shares issued and outstanding at December 31, 2015 and 2014 $ 171 $ 171
Additional paid-in capital 3,554,063 3,618,207
Accumulated deficit (296,865) (170,162)
Accumulated other comprehensive loss (102) (229)
Total shareholders' equity 3,259,345 3,450,101
Noncontrolling interest 675,888 719,493
Total equity 3,935,233 4,169,594
Total liabilities and equity 6,807,786 6,227,351
Class A common shares    
Shareholders' equity:    
Common shares 2,072 2,108
Class B common shares    
Shareholders' equity:    
Common shares $ 6 $ 6