XML 74 R63.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value - Carrying Value and Fair Value (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Deferred financing costs, net $ 40,946 $ 51,636
Line of Credit | LIBOR | Revolving Credit Facility    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 1.20%  
Line of Credit | LIBOR | Revolving Credit Facility | Minimum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 0.825%  
Line of Credit | LIBOR | Revolving Credit Facility | Maximum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 1.55%  
Line of Credit | Base Rate | Revolving Credit Facility | Minimum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 0.00%  
Line of Credit | Base Rate | Revolving Credit Facility | Maximum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 0.55%  
Asset-backed securitization    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Deferred financing costs, net $ 38,600 48,400
Term Loan facility | Line of Credit    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Deferred financing costs, net $ 2,000 3,300
Term Loan facility | Line of Credit | LIBOR    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 1.35%  
Term Loan facility | Line of Credit | LIBOR | Minimum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 0.90%  
Term Loan facility | Line of Credit | LIBOR | Maximum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 1.75%  
Term Loan facility | Line of Credit | Base Rate | Minimum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 0.00%  
Term Loan facility | Line of Credit | Base Rate | Maximum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Debt instrument, basis spread on variable rate (as a percent) 0.75%  
Carrying Value    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization $ 2,024,441 2,491,234
Exchangeable senior notes, net 109,862 108,148
Secured note payable 49,346 49,828
Revolving credit facility 92,000 0
Term loan facility 200,000 325,000
Total debt 2,475,649 2,974,210
Carrying Value | 2014-SFR 1    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 0 456,074
Carrying Value | 2014-SFR 2    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 499,245 501,810
Carrying Value | 2014-SFR 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 514,824 517,827
Carrying Value | 2015-SFR 1    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 540,717 543,480
Carrying Value | 2015-SFR 2    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 469,655 472,043
Fair Value | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 2,055,339 2,544,423
Exchangeable senior notes, net 151,552 142,808
Secured note payable 49,633 50,053
Revolving credit facility 92,000 0
Term loan facility 200,000 325,000
Total debt 2,548,524 3,062,284
Fair Value | 2014-SFR 1 | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 0 465,343
Fair Value | 2014-SFR 2 | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 505,623 510,941
Fair Value | 2014-SFR 3 | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 523,975 530,549
Fair Value | 2015-SFR 1 | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization 547,263 553,689
Fair Value | 2015-SFR 2 | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Asset-backed securitization $ 478,478 $ 483,901