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Single-Family Properties | 12 Months Ended
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Dec. 31, 2016
Real Estate [Abstract] |
Single-Family Properties | Single-Family Properties Single-family properties, net, consists of the following as of December 31, 2016 and 2015 (dollars in thousands):
| December 31, 2016
| Number of properties |  | Net book value
Leased single-family properties | 44,798 |  |  | $ | 7,040,000 |
Single-family properties being renovated | 312 |  |  | 57,200 |
Single-family properties being prepared for re-lease | 91 |  |  | 14,453 |
Vacant single-family properties available for lease | 2,102 |  |  | 348,773 |
Single-family properties held for sale | 1,119 |  |  | 87,430 |
Total | 48,422 |  |  | $ | 7,547,856 |
| December 31, 2015
| Number of properties |  | Net book value
Leased single-family properties | 36,403 |  |  | $ | 5,895,482 |
Single-family properties being renovated | 476 |  |  | 75,055 |
Single-family properties being prepared for re-lease | 178 |  |  | 28,525 |
Vacant single-family properties available for lease | 1,678 |  |  | 283,444 |
Single-family properties held for sale | 45 |  |  | 7,432 |
Total | 38,780 |  |  | $ | 6,289,938 |
Single-family properties, net increased $1.2 billion to $7.5 billion as of December 31, 2016, compared to $6.3 billion as of December 31, 2015, primarily related to the acquisition of 8,936 properties in connection with the ARPI Merger (see Note 11). Single-family properties, net as of December 31, 2016, and December 31, 2015, included $14.3 million and $8.5 million, respectively, related to properties for which the recorded grant deed had not been received. For these properties, the trustee or seller has warranted that all legal rights of ownership have been transferred to us on the date of the sale, but there was a delay for the deeds to be recorded. Depreciation expense related to single-family properties was $262.1 million, $223.9 million and $150.5 million for the years ended December 31, 2016, 2015 and 2014, respectively. During the year ended December 31, 2016, the Company sold 712 homes which generated total net proceeds of $88.6 million and resulted in a net gain on sale of $13.9 million. In accordance with ASC 350, Intangibles—Goodwill and Other, the Company allocated a portion of goodwill to the carrying values of its leased properties sold, which resulted in a reduction to the gain on sale. The amount of goodwill allocated to leased properties sold during the year ended December 31, 2016, was $0.4 million, which reduced goodwill to $120.3 million as of December 31, 2016, compared to $120.7 million as of December 31, 2015.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-06(1)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e604059-122996 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule III)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(4)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 235 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-24) -URI http://asc.fasb.org/extlink&oid=34714203&loc=d3e608456-123001 + Details
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