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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Single-family properties:    
Land $ 1,523,551 $ 1,512,183
Buildings and improvements 6,672,252 6,614,953
Single-family properties held for sale, net 78,922 87,430
Single-family properties, gross 8,274,725 8,214,566
Less: accumulated depreciation (732,529) (666,710)
Single-family properties, net 7,542,196 7,547,856
Cash and cash equivalents 495,802 118,799
Restricted cash 135,057 131,442
Rent and other receivables, net 18,721 17,618
Escrow deposits, prepaid expenses and other assets 142,745 133,594
Deferred costs and other intangibles, net 10,139 11,956
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 8,490,605 8,107,210
Liabilities    
Secured debt, net 2,438,616 2,442,863
Exchangeable senior notes, net 108,988 108,148
Secured note payable 49,583 49,828
Accounts payable and accrued expenses 199,693 177,206
Participating preferred shares derivative liability 75,220 69,810
Total liabilities 3,219,009 3,169,590
Commitments and contingencies
Shareholders’ equity:    
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 37,010,000 shares issued and outstanding at March 31, 2017, and December 31, 2016 370 370
Additional paid-in capital 4,919,315 4,568,616
Accumulated deficit (392,282) (378,578)
Accumulated other comprehensive income 0 95
Total shareholders’ equity 4,529,992 4,192,936
Noncontrolling interest 741,604 744,684
Total equity 5,271,596 4,937,620
Total liabilities and equity 8,490,605 8,107,210
Class A common shares    
Shareholders’ equity:    
Common stock, value, issued 2,583 2,427
Class B common shares    
Shareholders’ equity:    
Common stock, value, issued 6 6
Term loan facility, net    
Liabilities    
Revolving credit facility 346,909 321,735
Revolving Credit Facility    
Liabilities    
Revolving credit facility $ 0 $ 0