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Condensed Consolidating Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets (Amounts in thousands)
| As of December 31, 2017
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |
Single-family properties, net | $ | — |  |  | $ | 1,732 |  |  | $ | 8,063,248 |  |  | $ | — |  |  | $ | 8,064,980 |
Cash and cash equivalents | 22,157 |  |  | — |  |  | 23,999 |  |  | — |  |  | 46,156 |
Restricted cash | 14,742 |  |  | 31 |  |  | 121,894 |  |  | — |  |  | 136,667 |
Rent and other receivables, net | 114 |  |  | 57 |  |  | 29,973 |  |  | — |  |  | 30,144 |
Intercompany receivables | 154,621 |  |  | — |  |  | — |  |  | (154,621 | ) |  | — |
Escrow deposits, prepaid expenses and other assets, including due from affiliates | 59,271 |  |  | 164 |  |  | 138,082 |  |  | — |  |  | 197,517 |
Investments in subsidiaries | 5,889,146 |  |  | 115,303 |  |  | — |  |  | (6,004,449 | ) |  | — |
Deferred costs and other intangibles, net | 9,652 |  |  | — |  |  | 3,373 |  |  | — |  |  | 13,025 |
Goodwill | 120,279 |  |  | — |  |  | — |  |  | — |  |  | 120,279 |
Total assets | $ | 6,269,982 |  |  | $ | 117,287 |  |  | $ | 8,380,569 |  |  | $ | (6,159,070 | ) |  | $ | 8,608,768 |
Liabilities |  |  |  |  |  |  |  |  |
Revolving credit facility | $ | 140,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 140,000 |
Term loan facility, net | 198,023 |  |  | — |  |  | — |  |  | — |  |  | 198,023 |
Asset-backed securitizations, net | — |  |  | — |  |  | 1,977,308 |  |  | — |  |  | 1,977,308 |
Exchangeable senior notes, net | — |  |  | 111,697 |  |  | — |  |  | — |  |  | 111,697 |
Secured note payable | — |  |  | — |  |  | 48,859 |  |  | — |  |  | 48,859 |
Accounts payable and accrued expenses | 27,566 |  |  | 2,757 |  |  | 192,544 |  |  | — |  |  | 222,867 |
Amounts payable to affiliates | 4,720 |  |  | — |  |  | — |  |  | — |  |  | 4,720 |
Intercompany payables | — |  |  | 8,428 |  |  | 146,193 |  |  | (154,621 | ) |  | — |
Participating preferred units derivative liability | 29,470 |  |  | — |  |  | — |  |  | — |  |  | 29,470 |
Total liabilities | 399,779 |  |  | 122,882 |  |  | 2,364,904 |  |  | (154,621 | ) |  | 2,732,944 |
Capital |  |  |  |  |  |  |  |  |
Partners' capital: |  |  |  |  |  |  |  |  |
General partner: |  |  |  |  |  |  |  |  |
Common units | 4,241,266 |  |  | (5,595 | ) |  | 6,017,014 |  |  | (6,004,449 | ) |  | 4,248,236 |
Preferred units | 901,318 |  |  | — |  |  | — |  |  | — |  |  | 901,318 |
Limited partner: |  |  |  |  |  |  |  |  |
Common units | 727,544 |  |  | — |  |  | — |  |  | — |  |  | 727,544 |
Accumulated other comprehensive income | 75 |  |  | — |  |  | — |  |  | — |  |  | 75 |
Total partners' capital: | 5,870,203 |  |  | (5,595 | ) |  | 6,017,014 |  |  | (6,004,449 | ) |  | 5,877,173 |
Noncontrolling interest | — |  |  | — |  |  | (1,349 | ) |  | — |  |  | (1,349 | )
Total capital | 5,870,203 |  |  | (5,595 | ) |  | 6,015,665 |  |  | (6,004,449 | ) |  | 5,875,824 |
Total liabilities and capital | $ | 6,269,982 |  |  | $ | 117,287 |  |  | $ | 8,380,569 |  |  | $ | (6,159,070 | ) |  | $ | 8,608,768 |
Condensed Consolidating Balance Sheets (continued) (Amounts in thousands)
| As of December 31, 2016
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |
Single-family properties, net | $ | — |  |  | $ | 4,838 |  |  | $ | 7,543,018 |  |  | $ | — |  |  | $ | 7,547,856 |
Cash and cash equivalents | 76,913 |  |  | — |  |  | 41,886 |  |  | — |  |  | 118,799 |
Restricted cash | — |  |  | 62 |  |  | 131,380 |  |  | — |  |  | 131,442 |
Rent and other receivables, net | 131 |  |  | 144 |  |  | 17,343 |  |  | — |  |  | 17,618 |
Intercompany receivables | 133,808 |  |  | — |  |  | — |  |  | (133,808 | ) |  | — |
Escrow deposits, prepaid expenses and other assets, including due from affiliates | 57,543 |  |  | 170 |  |  | 101,547 |  |  | — |  |  | 159,260 |
Investments in subsidiaries | 4,928,974 |  |  | 116,242 |  |  | — |  |  | (5,045,216 | ) |  | — |
Deferred costs and other intangibles, net | 7,724 |  |  | 3 |  |  | 4,229 |  |  | — |  |  | 11,956 |
Goodwill | 120,279 |  |  | — |  |  | — |  |  | — |  |  | 120,279 |
Total assets | $ | 5,325,372 |  |  | $ | 121,459 |  |  | $ | 7,839,403 |  |  | $ | (5,179,024 | ) |  | $ | 8,107,210 |
Liabilities |  |  |  |  |  |  |  |  |
Revolving credit facility | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Term loan facility, net | 321,735 |  |  | — |  |  | — |  |  | — |  |  | 321,735 |
Asset-backed securitizations, net | — |  |  | — |  |  | 2,442,863 |  |  | — |  |  | 2,442,863 |
Exchangeable senior notes, net | — |  |  | 108,148 |  |  | — |  |  | — |  |  | 108,148 |
Secured note payable | — |  |  | — |  |  | 49,828 |  |  | — |  |  | 49,828 |
Accounts payable and accrued expenses | 1,715 |  |  | 3,708 |  |  | 171,783 |  |  | — |  |  | 177,206 |
Intercompany payables | — |  |  | 8,393 |  |  | 125,415 |  |  | (133,808 | ) |  | — |
Participating preferred units derivative liability | 69,810 |  |  | — |  |  | — |  |  | — |  |  | 69,810 |
Total liabilities | 393,260 |  |  | 120,249 |  |  | 2,789,889 |  |  | (133,808 | ) |  | 3,169,590 |
Capital |  |  |  |  |  |  |  |  |
Partners' capital: |  |  |  |  |  |  |  |  |
General partner: |  |  |  |  |  |  |  |  |
Common units | 3,351,022 |  |  | 1,210 |  |  | 5,050,976 |  |  | (5,045,216 | ) |  | 3,357,992 |
Preferred units | 834,849 |  |  | — |  |  | — |  |  | — |  |  | 834,849 |
Limited partner: |  |  |  |  |  |  |  |  |
Common units | 746,174 |  |  | — |  |  | — |  |  | — |  |  | 746,174 |
Accumulated other comprehensive income | 67 |  |  | — |  |  | 28 |  |  | — |  |  | 95 |
Total partners' capital: | 4,932,112 |  |  | 1,210 |  |  | 5,051,004 |  |  | (5,045,216 | ) |  | 4,939,110 |
Noncontrolling interest | — |  |  | — |  |  | (1,490 | ) |  | — |  |  | (1,490 | )
Total capital | 4,932,112 |  |  | 1,210 |  |  | 5,049,514 |  |  | (5,045,216 | ) |  | 4,937,620 |
Total liabilities and capital | $ | 5,325,372 |  |  | $ | 121,459 |  |  | $ | 7,839,403 |  |  | $ | (5,179,024 | ) |  | $ | 8,107,210 |
Condensed Consolidating Statements of Operations | Condensed Consolidating Statements of Operations (Amounts in thousands)
| For the Year Ended December 31, 2017
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Revenues: |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | — |  |  | $ | 240 |  |  | $ | 823,783 |  |  | $ | — |  |  | $ | 824,023 |
Fees from single-family properties | — |  |  | 3 |  |  | 10,724 |  |  | — |  |  | 10,727 |
Tenant charge-backs | — |  |  | 23 |  |  | 120,058 |  |  | — |  |  | 120,081 |
Other | 1,455 |  |  | — |  |  | 4,113 |  |  | — |  |  | 5,568 |
Total revenues | 1,455 |  |  | 266 |  |  | 958,678 |  |  | — |  |  | 960,399 |
Expenses: |  |  |  |  |  |  |  |  |
Property operating expenses | — |  |  | 139 |  |  | 354,935 |  |  | — |  |  | 355,074 |
Property management expenses | — |  |  | 17 |  |  | 69,695 |  |  | — |  |  | 69,712 |
General and administrative expense | 21,136 |  |  | 149 |  |  | 13,447 |  |  | — |  |  | 34,732 |
Interest expense | 11,639 |  |  | 7,286 |  |  | 93,695 |  |  | — |  |  | 112,620 |
Acquisition fees and costs expensed | 358 |  |  | — |  |  | 4,265 |  |  | — |  |  | 4,623 |
Depreciation and amortization | 1,516 |  |  | 8 |  |  | 295,766 |  |  | — |  |  | 297,290 |
Hurricane-related charges, net | — |  |  | — |  |  | 7,963 |  |  | — |  |  | 7,963 |
Other expense (income) | 388 |  |  | (86 | ) |  | 4,703 |  |  | — |  |  | 5,005 |
Total expenses | 35,037 |  |  | 7,513 |  |  | 844,469 |  |  | — |  |  | 887,019 |
Intercompany income | 381 |  |  | — |  |  | 497 |  |  | (878 | ) |  | — |
Intercompany expenses | (497 | ) |  | — |  |  | (381 | ) |  | 878 |  |  | — |
Gain on sale of single-family properties and other, net | 3,031 |  |  | 442 |  |  | 3,353 |  |  | — |  |  | 6,826 |
Loss on early extinguishment of debt | — |  |  | — |  |  | (6,555 | ) |  | — |  |  | (6,555 | )
Remeasurement of participating preferred units | 2,841 |  |  | — |  |  | — |  |  | — |  |  | 2,841 |
Equity in income of subsidiaries | 104,177 |  |  | 35,594 |  |  | — |  |  | (139,771 | ) |  | — |
Net income (loss) | 76,351 |  |  | 28,789 |  |  | 111,123 |  |  | (139,771 | ) |  | 76,492 |
Noncontrolling interest | — |  |  | — |  |  | 141 |  |  | — |  |  | 141 |
Preferred distributions | 60,718 |  |  | — |  |  | — |  |  | — |  |  | 60,718 |
Redemption of participating preferred units | 42,416 |  |  | — |  |  | — |  |  | — |  |  | 42,416 |
Net (loss) income attributable to common unitholders | $ | (26,783 | ) |  | $ | 28,789 |  |  | $ | 110,982 |  |  | $ | (139,771 | ) |  | $ | (26,783 | )
Condensed Consolidating Statements of Operations (continued) (Amounts in thousands)
| For the Year Ended December 31, 2016
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Revenues: |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | — |  |  | $ | 436 |  |  | $ | 757,167 |  |  | $ | — |  |  | $ | 757,603 |
Fees from single-family properties | — |  |  | 4 |  |  | 10,230 |  |  | — |  |  | 10,234 |
Tenant charge-backs | — |  |  | 16 |  |  | 95,238 |  |  | — |  |  | 95,254 |
Other | 612 |  |  | — |  |  | 15,186 |  |  | — |  |  | 15,798 |
Total revenues | 612 |  |  | 456 |  |  | 877,821 |  |  | — |  |  | 878,889 |
Expenses: |  |  |  |  |  |  |  |  |
Property operating expenses | — |  |  | 161 |  |  | 317,149 |  |  | — |  |  | 317,310 |
Property management expenses | — |  |  | 26 |  |  | 70,698 |  |  | — |  |  | 70,724 |
General and administrative expense | 19,339 |  |  | 75 |  |  | 13,654 |  |  | — |  |  | 33,068 |
Interest expense | 11,306 |  |  | 5,935 |  |  | 113,606 |  |  | — |  |  | 130,847 |
Acquisition fees and costs expensed | 6,119 |  |  | — |  |  | 5,324 |  |  | — |  |  | 11,443 |
Depreciation and amortization | 1,221 |  |  | 106 |  |  | 297,350 |  |  | — |  |  | 298,677 |
Other | 133 |  |  | 60 |  |  | 11,785 |  |  | — |  |  | 11,978 |
Total expenses | 38,118 |  |  | 6,363 |  |  | 829,566 |  |  | — |  |  | 874,047 |
Intercompany income | 413 |  |  | — |  |  | 502 |  |  | (915 | ) |  | — |
Intercompany expenses | (502 | ) |  | — |  |  | (413 | ) |  | 915 |  |  | — |
Gain on sale of single-family properties and other, net | — |  |  | 147 |  |  | 14,422 |  |  | — |  |  | 14,569 |
Loss on early extinguishment of debt | (2,724 | ) |  | — |  |  | (10,684 | ) |  | — |  |  | (13,408 | )
Gain on conversion of Series E units | 11,463 |  |  | — |  |  | — |  |  | — |  |  | 11,463 |
Remeasurement of participating preferred units | (7,020 | ) |  | — |  |  | — |  |  | — |  |  | (7,020 | )
Equity in income of subsidiaries | 46,884 |  |  | 1 |  |  | — |  |  | (46,885 | ) |  | — |
Net income (loss) | 11,008 |  |  | (5,759 | ) |  | 52,082 |  |  | (46,885 | ) |  | 10,446 |
Noncontrolling interest | — |  |  | — |  |  | (562 | ) |  | — |  |  | (562 | )
Preferred distributions | 40,237 |  |  | — |  |  | — |  |  | — |  |  | 40,237 |
Income allocated to Series C and D limited partners | 10,730 |  |  | — |  |  | — |  |  | — |  |  | 10,730 |
Net (loss) income attributable to common unitholders | $ | (39,959 | ) |  | $ | (5,759 | ) |  | $ | 52,644 |  |  | $ | (46,885 | ) |  | $ | (39,959 | )
Condensed Consolidating Statements of Comprehensive Income (Loss) | Condensed Consolidating Statements of Comprehensive Income (Loss) (Amounts in thousands)
| For the Year Ended December 31, 2017
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net income | $ | 76,351 |  |  | $ | 28,789 |  |  | $ | 111,123 |  |  | $ | (139,771 | ) |  | $ | 76,492 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Unrealized gain on cash flow hedging instruments: |  |  |  |  |  |  |  |  |
Unrealized gain on cash flow hedging instruments | 75 |  |  | — |  |  | — |  |  | — |  |  | 75 |
Reclassification adjustment for amortization of interest expense included in net income | — |  |  | — |  |  | (28 | ) |  | — |  |  | (28 | )
Unrealized gain on investment in equity securities: |  |  |  |  |  |  |  |  |
Reclassification adjustment for realized gain included in net income | (67 | ) |  | — |  |  | — |  |  | — |  |  | (67 | )
Other comprehensive income (loss) | 8 |  |  | — |  |  | (28 | ) |  | — |  |  | (20 | )
Comprehensive income | 76,359 |  |  | 28,789 |  |  | 111,095 |  |  | (139,771 | ) |  | 76,472 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 141 |  |  | — |  |  | 141 |
Preferred distributions | 60,718 |  |  | — |  |  | — |  |  | — |  |  | 60,718 |
Redemption of participating preferred units | 42,416 |  |  | — |  |  | — |  |  | — |  |  | 42,416 |
Comprehensive (loss) income attributable to common unitholders | $ | (26,775 | ) |  | $ | 28,789 |  |  | $ | 110,954 |  |  | $ | (139,771 | ) |  | $ | (26,803 | )
| For the Year Ended December 31, 2016
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net income (loss) | $ | 11,008 |  |  | $ | (5,759 | ) |  | $ | 52,082 |  |  | $ | (46,885 | ) |  | $ | 10,446 |
Other comprehensive income: |  |  |  |  |  |  |  |  |
Unrealized gain on interest rate cap agreement: |  |  |  |  |  |  |  |  |
Reclassification adjustment for amortization of interest expense included in net income (loss) | — |  |  | — |  |  | 130 |  |  | — |  |  | 130 |
Unrealized gain on investment in equity securities | 67 |  |  | — |  |  | — |  |  | — |  |  | 67 |
Other comprehensive income | 67 |  |  | — |  |  | 130 |  |  | — |  |  | 197 |
Comprehensive income (loss) | 11,075 |  |  | (5,759 | ) |  | 52,212 |  |  | (46,885 | ) |  | 10,643 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (562 | ) |  | — |  |  | (562 | )
Preferred distributions | 40,237 |  |  | — |  |  | — |  |  | — |  |  | 40,237 |
Income allocated to Series C and D limited partners | 10,730 |  |  | — |  |  | — |  |  | — |  |  | 10,730 |
Comprehensive (loss) income attributable to common unitholders | $ | (39,892 | ) |  | $ | (5,759 | ) |  | $ | 52,774 |  |  | $ | (46,885 | ) |  | $ | (39,762 | )
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (Amounts in thousands)
| For the Year Ended December 31, 2017
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Operating activities |  |  |  |  |  |  |  |  |
Net cash (used for) provided by operating activities | $ | (66,411 | ) |  | $ | (4,513 | ) |  | $ | 456,885 |  |  | $ | — |  |  | $ | 385,961 |
Investing activities |  |  |  |  |  |  |  |  |
Cash paid for single-family properties | — |  |  | — |  |  | (784,666 | ) |  | — |  |  | (784,666 | )
Change in escrow deposits for purchase of single-family properties | — |  |  | — |  |  | (8,937 | ) |  | — |  |  | (8,937 | )
Net proceeds received from sales of single-family properties and other | 14,265 |  |  | 5,156 |  |  | 67,642 |  |  | — |  |  | 87,063 |
Collections from mortgage financing receivables | — |  |  | — |  |  | 268 |  |  | — |  |  | 268 |
Distributions from unconsolidated joint ventures | 680 |  |  | — |  |  | 8,612 |  |  | — |  |  | 9,292 |
Collections from intercompany notes | 9,507 |  |  | — |  |  | — |  |  | (9,507 | ) |  | — |
(Investment in) return of investment in subsidiaries | (854,346 | ) |  | 36,533 |  |  | — |  |  | 817,813 |  |  | — |
Initial renovations to single-family properties | — |  |  | (1,613 | ) |  | (46,298 | ) |  | — |  |  | (47,911 | )
Recurring and other capital expenditures for single-family properties | — |  |  | — |  |  | (37,540 | ) |  | — |  |  | (37,540 | )
Other purchases of productive assets | (6,657 | ) |  | — |  |  | (48,391 | ) |  | — |  |  | (55,048 | )
Net cash (used for) provided by investing activities | (836,551 | ) |  | 40,076 |  |  | (849,310 | ) |  | 808,306 |  |  | (837,479 | )
Financing activities |  |  |  |  |  |  |  |  |
Proceeds from issuance of Class A units | 694,765 |  |  | — |  |  | — |  |  | — |  |  | 694,765 |
Payments of Class A unit issuance costs | (10,637 | ) |  | — |  |  | — |  |  | — |  |  | (10,637 | )
Proceeds from issuance of perpetual preferred units | 270,000 |  |  | — |  |  | — |  |  | — |  |  | 270,000 |
Payments of perpetual preferred unit issuance costs | (9,229 | ) |  | — |  |  | — |  |  | — |  |  | (9,229 | )
Proceeds from exercise of stock options, net of tax withholding | 548 |  |  | — |  |  | — |  |  | — |  |  | 548 |
Redemptions of Class A units | (169 | ) |  | — |  |  | — |  |  | — |  |  | (169 | )
Payments on asset-backed securitizations | — |  |  | — |  |  | (477,879 | ) |  | — |  |  | (477,879 | )
Proceeds from revolving credit facility | 202,000 |  |  | — |  |  | — |  |  | — |  |  | 202,000 |
Payments on revolving credit facility | (112,000 | ) |  | — |  |  | — |  |  | — |  |  | (112,000 | )
Proceeds from term loan facility | 25,000 |  |  | — |  |  | — |  |  | — |  |  | 25,000 |
Payments on term loan facility | (100,000 | ) |  | — |  |  | — |  |  | — |  |  | (100,000 | )
Payments on secured note payable | — |  |  | — |  |  | (969 | ) |  | — |  |  | (969 | )
Payments on intercompany notes borrowed | — |  |  | — |  |  | (9,507 | ) |  | 9,507 |  |  | — |
Intercompany financing and distributions to parent | — |  |  | (35,594 | ) |  | 853,407 |  |  | (817,813 | ) |  | — |
Distributions to common unitholders | (47,234 | ) |  | — |  |  | — |  |  | — |  |  | (47,234 | )
Distributions to preferred unitholders | (46,122 | ) |  | — |  |  | — |  |  | — |  |  | (46,122 | )
Deferred financing costs paid | (3,974 | ) |  | — |  |  | — |  |  | — |  |  | (3,974 | )
Net cash provided by (used for) financing activities | 862,948 |  |  | (35,594 | ) |  | 365,052 |  |  | (808,306 | ) |  | 384,100 |
Net decrease in cash, cash equivalents and restricted cash | (40,014 | ) |  | (31 | ) |  | (27,373 | ) |  | — |  |  | (67,418 | )
Cash, cash equivalents and restricted cash, beginning of period | 76,913 |  |  | 62 |  |  | 173,266 |  |  | — |  |  | 250,241 |
Cash, cash equivalents and restricted cash, end of period | $ | 36,899 |  |  | $ | 31 |  |  | $ | 145,893 |  |  | $ | — |  |  | $ | 182,823 |
Supplemental cash flow information |  |  |  |  |  |  |  |  |
Cash payments for interest, net of amounts capitalized | $ | (9,263 | ) |  | $ | (3,738 | ) |  | $ | (87,907 | ) |  | $ | — |  |  | $ | (100,908 | )
Supplemental schedule of noncash investing and financing activities |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses related to property acquisitions and renovations | $ | — |  |  | $ | 11 |  |  | $ | 7,953 |  |  | $ | — |  |  | $ | 7,964 |
Transfer of term loan borrowings to revolving credit facility | $ | 50,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 50,000 |
Transfer of deferred financing costs from term loan to revolving credit facility | $ | 1,524 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,524 |
Transfers of completed homebuilding deliveries to properties | $ | — |  |  | $ | — |  |  | $ | 4,536 |  |  | $ | — |  |  | $ | 4,536 |
Note receivable related to a bulk sale of properties, net of discount | $ | 5,710 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,710 |
Redemption of participating preferred units | $ | (37,499 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (37,499 | )
Accrued distributions to affiliates | $ | 4,720 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,720 |
Accrued distributions to non-affiliates | $ | 26,982 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 26,982 |
Condensed Consolidating Statements of Cash Flows (continued) (Amounts in thousands)
| For the Year Ended December 31, 2016
| American Homes 4 Rent, L.P. (Parent Company) |  | American Residential Properties OP, L.P. (Guarantor Subsidiary) |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Operating activities |  |  |  |  |  |  |  |  |
Net cash (used for) provided by operating activities | $ | (137,991 | ) |  | $ | 5,692 |  |  | $ | 411,166 |  |  | $ | — |  |  | $ | 278,867 |
Investing activities |  |  |  |  |  |  |  |  |
Cash paid for single-family properties | — |  |  | — |  |  | (252,841 | ) |  | — |  |  | (252,841 | )
Change in escrow deposits for purchase of single-family properties | — |  |  | — |  |  | (312 | ) |  | — |  |  | (312 | )
Cash acquired in noncash business combinations | — |  |  | 3,317 |  |  | 21,703 |  |  | — |  |  | 25,020 |
Payoff of credit facility in connection with ARPI merger | (350,000 | ) |  | — |  |  | — |  |  | — |  |  | (350,000 | )
Net proceeds received from sales of single-family properties and other | — |  |  | 603 |  |  | 87,987 |  |  | — |  |  | 88,590 |
Net proceeds received from sales of non-performing loans | — |  |  | — |  |  | 47,186 |  |  | — |  |  | 47,186 |
Purchase of commercial office buildings | (20,056 | ) |  | — |  |  | (7,049 | ) |  | — |  |  | (27,105 | )
Collections from mortgage financing receivables | — |  |  | — |  |  | 19,425 |  |  | — |  |  | 19,425 |
Distributions from unconsolidated joint ventures | 7,200 |  |  | — |  |  | 1,147 |  |  | — |  |  | 8,347 |
Collections from intercompany notes | 19,092 |  |  | — |  |  | — |  |  | (19,092 | ) |  | — |
Investments in subsidiaries | (155,139 | ) |  | (9,508 | ) |  | — |  |  | 164,647 |  |  | — |
Initial renovations to single-family properties | — |  |  | (41 | ) |  | (39,871 | ) |  | — |  |  | (39,912 | )
Recurring and other capital expenditures for single-family properties | — |  |  | — |  |  | (27,807 | ) |  | — |  |  | (27,807 | )
Other purchases of productive assets | (4,576 | ) |  | — |  |  | (8,413 | ) |  | — |  |  | (12,989 | )
Net cash (used for) provided by investing activities | (503,479 | ) |  | (5,629 | ) |  | (158,845 | ) |  | 145,555 |  |  | (522,398 | )
Financing activities |  |  |  |  |  |  |  |  |
Proceeds from issuance of Class A units | 102,830 |  |  | — |  |  | — |  |  | — |  |  | 102,830 |
Payments of Class A unit offering costs | (227 | ) |  | — |  |  | — |  |  | — |  |  | (227 | )
Proceeds from issuance of perpetual preferred units | 498,750 |  |  | — |  |  | — |  |  | — |  |  | 498,750 |
Payments of perpetual preferred units issuance costs | (15,938 | ) |  | — |  |  | — |  |  | — |  |  | (15,938 | )
Proceeds from exercise of stock options | 3,171 |  |  | — |  |  | — |  |  | — |  |  | 3,171 |
Repurchase of Class A units | (96,098 | ) |  | — |  |  | — |  |  | — |  |  | (96,098 | )
Redemptions of Class A units | (399 | ) |  | — |  |  | — |  |  | — |  |  | (399 | )
Payments on asset-backed securitizations | — |  |  | — |  |  | (381,117 | ) |  | — |  |  | (381,117 | )
Proceeds from revolving credit facilities | 951,000 |  |  | — |  |  | — |  |  | — |  |  | 951,000 |
Payments on revolving credit facilities | (951,000 | ) |  | — |  |  | — |  |  | — |  |  | (951,000 | )
Proceeds from term loan facility | 325,000 |  |  | — |  |  | — |  |  | — |  |  | 325,000 |
Payments on secured note payable | — |  |  | — |  |  | (924 | ) |  | — |  |  | (924 | )
Payments on intercompany notes borrowed | — |  |  | — |  |  | (19,092 | ) |  | 19,092 |  |  | — |
Intercompany financing and distributions to parent | — |  |  | (1 | ) |  | 164,648 |  |  | (164,647 | ) |  | — |
Distributions to noncontrolling interests | — |  |  | — |  |  | (230 | ) |  | — |  |  | (230 | )
Distributions to common unitholders | (58,445 | ) |  | — |  |  | — |  |  | — |  |  | (58,445 | )
Distributions to preferred unitholders | (40,237 | ) |  | — |  |  | — |  |  | — |  |  | (40,237 | )
Distributions to Series C and D convertible unitholders | (856 | ) |  | — |  |  | — |  |  | — |  |  | (856 | )
Deferred financing costs paid | (10,436 | ) |  | — |  |  | (40 | ) |  | — |  |  | (10,476 | )
Net cash provided by (used for) financing activities | 707,115 |  |  | (1 | ) |  | (236,755 | ) |  | (145,555 | ) |  | 324,804 |
Net increase in cash, cash equivalents and restricted cash | 65,645 |  |  | 62 |  |  | 15,566 |  |  | — |  |  | 81,273 |
Cash, cash equivalents and restricted cash, beginning of period | 11,268 |  |  | — |  |  | 157,700 |  |  | — |  |  | 168,968 |
Cash, cash equivalents and restricted cash, end of period | $ | 76,913 |  |  | $ | 62 |  |  | $ | 173,266 |  |  | $ | — |  |  | $ | 250,241 |
Supplemental cash flow information |  |  |  |  |  |  |  |  |
Cash payments for interest, net of amounts capitalized | $ | (8,774 | ) |  | $ | (3,115 | ) |  | $ | (103,925 | ) |  | $ | — |  |  | $ | (115,814 | )
Supplemental schedule of noncash investing and financing activities |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses related to property acquisitions and renovations | $ | — |  |  | $ | — |  |  | $ | (2,876 | ) |  | $ | — |  |  | $ | (2,876 | )
Conversion of nonperforming loans to properties | $ | — |  |  | $ | — |  |  | $ | 3,554 |  |  | $ | — |  |  | $ | 3,554 |
Merger with ARPI |  |  |  |  |  |  |  |  |
Single-family properties | $ | — |  |  | $ | 5,898 |  |  | $ | 1,271,355 |  |  | $ | — |  |  | $ | 1,277,253 |
Rent and other receivables, net | $ | — |  |  | $ | 50 |  |  | $ | 793 |  |  | $ | — |  |  | $ | 843 |
Escrow deposits, prepaid expenses and other assets | $ | — |  |  | $ | 666 |  |  | $ | 34,468 |  |  | $ | — |  |  | $ | 35,134 |
Deferred costs and other intangibles, net | $ | — |  |  | $ | 109 |  |  | $ | 22,587 |  |  | $ | — |  |  | $ | 22,696 |
Asset-backed securitization | $ | — |  |  | $ | — |  |  | $ | (329,703 | ) |  | $ | — |  |  | $ | (329,703 | )
Exchangeable senior notes, net | $ | — |  |  | $ | (112,298 | ) |  | $ | — |  |  | $ | — |  |  | $ | (112,298 | )
Accounts payable and accrued expenses | $ | (8,660 | ) |  | $ | (4,475 | ) |  | $ | (25,350 | ) |  | $ | — |  |  | $ | (38,485 | )
Class A units issued | $ | (530,460 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (530,460 | )

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