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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net loss $ (47,948) $ (33,092) $ (19,066)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 242,848 165,516 70,987
Noncash amortization of deferred financing costs 8,305 1,767 186
Noncash share-based compensation 3,125 2,586 1,079
Gain on remeasurement of equity method investment 0 0 (10,945)
Gain on disposition of discontinued operations 0 0 (904)
Provision for bad debt 5,977 5,691 2,273
Remeasurement of Series E units (2,100) 5,119 2,057
Remeasurement of preferred shares 4,830 6,158 1,810
Equity in net income of unconsolidated ventures 591 138 0
Other changes in operating assets and liabilities:      
Rent and other receivables (10,542) (10,115) 3,339
Restricted cash for resident security deposits (10,942) (14,967) (26,430)
Prepaid expenses and other assets (8,212) 4,185 (16,238)
Deferred leasing costs (9,577) (6,247) (9,710)
Accounts payable and accrued expenses 5,627 18,528 13,543
Resident security deposit liability 10,942 14,967 26,430
Amounts payable to affiliates 8,441 303 (22,239)
Net cash provided by operating activities 201,365 160,537 16,172
Investing activities      
Cash paid for single-family properties (608,952) (1,349,912) (2,011,977)
Escrow deposits for purchase of single-family properties (1,115) (52,671) (13,740)
Increase in restricted cash related to lender requirements (23,142) (35,801) 0
Cash acquired in non-cash business combinations 0 2,202 33,099
Beazer Rental Homes acquisition 0 (108,246) 0
Ellington portfolio acquisition 0 (74,356) 0
Settlement of net monetary assets related to Management Internalization 0 0 (6,958)
Net proceeds received from sale of discontinued operations 0 0 8,844
Investment in unconsolidated joint ventures (20,000) (24,862) 0
Purchase of outside interest in RJ joint venture (44,408) 0 0
Distributions from unconsolidated joint venture 0 0 3,431
Investments in mortgage financing receivables (12,373) (57,346) 0
Initial renovations to single-family properties (147,583) (185,449) (382,070)
Other capital expenditures for single-family properties (27,369) (14,311) 0
Net cash used for investing activities (884,942) (1,900,752) (2,369,371)
Financing activities      
Implied contribution by AH LLC for historical operations 0 0 517
Net proceeds from issuance of Class A common shares 0 308,435 1,548,280
Net proceeds from issuance of preferred shares 0 189,433 212,596
Proceeds from exercise of stock options 251 431 0
Repurchase of Class A common shares (57,383) 0 0
Proceeds from asset-backed securitizations 1,030,559 1,497,039 0
Payments on asset-backed securitizations (19,739) (3,315) 0
Proceeds from credit facility 827,000 1,828,000 1,425,000
Payments on credit facility (1,034,000) (1,996,000) (1,050,000)
Payments on secured note payable (892) 0 0
Proceeds from bridge loan 0 0 115,000
Payments on bridge loan 0 0 (115,000)
Extinguishment of RJ1 note payable 0 0 (7,600)
Contributions to noncontrolling interests 0 0 500
Distributions to noncontrolling interests (23,583) (23,881) (11,829)
Distributions to common shareholders (42,126) (39,698) 0
Distributions to preferred shareholders (22,276) (18,928) (1,160)
Deferred financing costs paid (25,335) (41,503) (11,314)
Net cash provided by financing activities 632,476 1,700,013 2,104,990
Net decrease in cash and cash equivalents (51,101) (40,202) (248,209)
Cash and cash equivalents, beginning of period 108,787 148,989 397,198
Cash and cash equivalents, end of period 57,686 108,787 148,989
Supplemental cash flow information      
Cash payments for interest (84,990) (24,616) (5,473)
Supplemental schedule of noncash investing and financing activities      
Receivables related to property acquisitions 0 0 1,166
Accounts payable and accrued expenses related to property acquisitions 821 7,173 24,589
Accounts payable and accrued expenses related to deferred financing costs 0 0 833
Amounts payable to affiliates related to property acquisitions 0 5,720 (244)
Conversion of nonperforming loans to properties 20,317 5,561 0
Accrued distribution to Series C convertible units 4,698 4,698 5,387
Accrued distribution to common shareholders 0 0 9,274
Contribution of properties      
Single-family properties, including related assets and liabilities 0 0 32,229
Additional paid-in capital 0 0 (384,255)
Due from affiliates 0 0 (2,508)
Issuance of Series C convertible units to noncontrolling interest     (500)
Issuance of Class A units   11,179  
Acquisitions for equity      
Single-family properties 0 144,834 966,571
Cash and cash equivalents 0 2,202 33,099
Other net assets and liabilities 0 (4,886) (36,760)
Deferred costs and other intangibles 0 2,655 133,195
Additional paid-in capital 0 (144,723) (703,856)
Issuance of Series C convertible units to noncontrolling interest     (500)
Noncontrolling interest in consolidated subsidiaries 0 0 (39,321)
Class A Units      
Contribution of properties      
Issuance of Series C convertible units to noncontrolling interest 0 0 (221,934)
Issuance of Class A units 0 11,179 0
Acquisitions for equity      
Issuance of Series C convertible units to noncontrolling interest 0 0 (221,934)
Class A common shares      
Adjustments to reconcile net loss to net cash provided by operating activities:      
Noncash share-based compensation     300
Investing activities      
Purchase of outside interest in RJ joint venture 0 (82) (436)
Class B common shares      
Contribution of properties      
Issuance of Class B common shares 0 0 7,993
Series C Convertible Units      
Contribution of properties      
Issuance of Series C convertible units to noncontrolling interest 0 0 (391,701)
Acquisitions for equity      
Issuance of Series C convertible units to noncontrolling interest 0 0 (391,701)
Series D Convertible Units      
Contribution of properties      
Issuance of Series C convertible units to noncontrolling interest 0 0 (65,188)
Acquisitions for equity      
Issuance of Series C convertible units to noncontrolling interest 0 0 (65,188)
Series E Units      
Acquisitions for equity      
Contingently convertible Series E units liability $ 0 $ 0 $ (64,881)