XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Single-family properties:    
Land $ 1,553,214 $ 1,512,183
Buildings and improvements 6,815,409 6,614,953
Single-family properties held for sale, net 65,237 87,430
Single-family properties, gross 8,433,860 8,214,566
Less: accumulated depreciation (800,076) (666,710)
Single-family properties, net 7,633,784 7,547,856
Cash and cash equivalents 67,325 118,799
Restricted cash 128,524 131,442
Rent and other receivables, net 19,262 17,618
Escrow deposits, prepaid expenses and other assets 137,496 133,594
Deferred costs and other intangibles, net 13,971 11,956
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 8,146,307 8,107,210
Liabilities    
Asset-backed securitizations, net 1,985,847 2,442,863
Exchangeable senior notes, net 109,862 108,148
Secured note payable 49,346 49,828
Accounts payable and accrued expenses 222,990 177,206
Participating preferred shares derivative liability 76,860 69,810
Total liabilities 2,734,553 3,169,590
Commitments and contingencies
Shareholders’ equity:    
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 43,210,000 and 37,010,000 shares issued and outstanding at June 30, 2017, and December 31, 2016, respectively 432 370
Additional paid-in capital 5,075,460 4,568,616
Accumulated deficit (405,426) (378,578)
Accumulated other comprehensive income 0 95
Total shareholders’ equity 4,673,057 4,192,936
Noncontrolling interest 738,697 744,684
Total equity 5,411,754 4,937,620
Total liabilities and equity 8,146,307 8,107,210
Class A common shares    
Shareholders’ equity:    
Common stock, value, issued 2,585 2,427
Class B common shares    
Shareholders’ equity:    
Common stock, value, issued 6 6
Term loan facility, net    
Liabilities    
Credit facility 197,648 321,735
Revolving Credit Facility    
Liabilities    
Credit facility $ 92,000 $ 0