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Single-Family Properties | 6 Months Ended
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Jun. 30, 2017
Real Estate [Abstract] |
Single-Family Properties | Single-Family Properties Single-family properties, net, consisted of the following as of June 30, 2017, and December 31, 2016 (dollars in thousands):
| June 30, 2017
| Number of properties |  | Net book value
Leased single-family properties | 46,089 |  |  | $ | 7,173,352 |
Single-family properties being renovated | 508 |  |  | 97,976 |
Single-family properties being prepared for re-lease | 161 |  |  | 26,510 |
Vacant single-family properties available for lease | 1,642 |  |  | 270,709 |
Single-family properties held for sale | 582 |  |  | 65,237 |
Total | 48,982 |  |  | $ | 7,633,784 |
| 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 |
Single-family properties, net as of June 30, 2017, and December 31, 2016, included $30.0 million and $14.3 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 $69.0 million and $66.2 million for the three months ended June 30, 2017 and 2016, respectively, and $137.8 million and $127.0 million for the six months ended June 30, 2017 and 2016, respectively. During the three and six months ended June 30, 2017, the Company sold 127 and 631 homes, respectively, which generated total net proceeds of $15.7 million and $39.8 million, respectively, and resulted in a net gain on sale of $2.2 million and $1.2 million, respectively. Total net proceeds for the six months ended June 30, 2017 included a $7.0 million note receivable, before a $1.5 million discount, that was recorded during the first quarter of 2017. During the three and six months ended June 30, 2016, the Company sold 68 and 134 homes, respectively, which generated total net proceeds of $7.9 million and $15.5 million, respectively, and resulted in a net gain on sale of $0.7 million and $0.9 million, respectively.

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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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