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Subsequent Events (Details)
 1 Months Ended 2 Months Ended 3 Months Ended 12 Months Ended
Feb. 22, 2018
$ / shares
Feb. 28, 2018
USD ($)
Feb. 23, 2018
USD ($)
property
Mar. 31, 2018
USD ($)
Jun. 30, 2016
Dec. 31, 2017
USD ($)
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Oct. 31, 2017
USD ($)
Sep. 30, 2015
USD ($)
Subsequent Event                    
Deferred financing costs, net           $ 38,026,000 $ 51,636,000      
Payments of debt issuance costs           $ 3,974,000 $ 10,476,000 $ 25,335,000    
Dividends declared on common shares (in dollars per unit) | $ / shares           $ 0.2 $ 0.2 $ 0.2    
Silver Bay Realty Trust Corp.                    
Subsequent Event                    
Gain on sale of equity instruments           $ 3,000,000        
Class A common shares/units                    
Subsequent Event                    
Share repurchase program, shares authorized, amount                   $ 300,000,000
Remaining repurchase authorization amount           $ 146,700,000        
Series D Perpetual Preferred Shares/Units                    
Subsequent Event                    
Preferred Shares dividend rate         6.50% 6.50%        
Preferred stock, dividends per share, declared (in dollars per share) | $ / shares           $ 1.63 0.98403      
Series E Perpetual Preferred Stock                    
Subsequent Event                    
Preferred Shares dividend rate           6.35%        
Preferred stock, dividends per share, declared (in dollars per share) | $ / shares           $ 1.59 $ 0.80257      
Series F Perpetual Preferred Stock                    
Subsequent Event                    
Preferred Shares dividend rate           5.875%        
Preferred stock, dividends per share, declared (in dollars per share) | $ / shares           $ 1.01        
Series G Perpetual Preferred Stock                    
Subsequent Event                    
Preferred Shares dividend rate           5.875%        
Preferred stock, dividends per share, declared (in dollars per share) | $ / shares           $ 0.67        
Credit facility                    
Subsequent Event                    
Proceeds from credit facilities           $ 202,000,000 $ 951,000,000 $ 827,000,000    
Payments on credit facility           112,000,000 951,000,000 1,034,000,000    
Revolving credit facility outstanding balance           140,000,000 0      
Scenario, Forecast                    
Subsequent Event                    
Derivative gain (loss)       $ 9,600,000            
Designated as Hedging Instrument | Treasury Lock                    
Subsequent Event                    
Derivative, notional amount                 $ 350,000,000  
Treasury lock                 $ 100,000  
Term loan facility, net                    
Subsequent Event                    
Proceeds from credit facilities           25,000,000 325,000,000 0    
Payments on credit facility           100,000,000 0 $ 0    
Revolving credit facility outstanding balance           $ 198,023,000 321,735,000      
Line of Credit | Credit facility                    
Subsequent Event                    
Interest rate           2.76%        
Line of Credit | Term loan facility, net                    
Subsequent Event                    
Interest rate           2.91%        
Deferred financing costs, net           $ 2,000,000 $ 3,300,000      
Subsequent Events                    
Subsequent Event                    
Number of properties acquired | property     550              
Aggregate purchase price of properties acquired     $ 123,000,000              
Number of internally developed properties developed | property     7              
Subsequent Events | Class A common shares/units                    
Subsequent Event                    
Share repurchase program, shares authorized, amount     $ 300,000,000              
Dividends declared on common shares (in dollars per unit) | $ / shares $ 0.05                  
Subsequent Events | Preferred shares                    
Subsequent Event                    
Share repurchase program, shares authorized, amount     $ 250,000,000              
Subsequent Events | Class B common shares                    
Subsequent Event                    
Dividends declared on common shares (in dollars per unit) | $ / shares 0.05                  
Subsequent Events | Series C participating preferred shares                    
Subsequent Event                    
Dividends declared on common shares (in dollars per unit) | $ / shares $ 0.34                  
Preferred Shares dividend rate 5.50%                  
Subsequent Events | Series D Perpetual Preferred Shares/Units                    
Subsequent Event                    
Dividends declared on common shares (in dollars per unit) | $ / shares $ 0.41                  
Preferred Shares dividend rate 6.50%                  
Subsequent Events | Series E Perpetual Preferred Stock                    
Subsequent Event                    
Dividends declared on common shares (in dollars per unit) | $ / shares $ 0.40                  
Preferred Shares dividend rate 6.35%                  
Subsequent Events | Series F Perpetual Preferred Stock | Dividend Declared                    
Subsequent Event                    
Preferred Shares dividend rate 5.875%                  
Preferred stock, dividends per share, declared (in dollars per share) | $ / shares $ 0.36719                  
Subsequent Events | Series G Perpetual Preferred Stock | Dividend Declared                    
Subsequent Event                    
Preferred Shares dividend rate 5.875%                  
Preferred stock, dividends per share, declared (in dollars per share) | $ / shares $ 0.37                  
Subsequent Events | Designated as Hedging Instrument | Treasury Lock                    
Subsequent Event                    
Derivative interest rate     4.08%              
Subsequent Events | Exchangeable senior notes | 4.25% Senior Notes Due 2028                    
Subsequent Event                    
Debt instrument, face amount   $ 500,000,000                
Interest rate   4.25%                
Proceeds from issuance of unsecured debt   $ 494,000,000                
Underwriting fees   3,200,000                
Deferred financing costs, net     $ 1,500,000              
Unamortized discount on debt   $ 2,800,000                
Subsequent Events | Secured Debt | Term loan facility, net                    
Subsequent Event                    
Asset-backed securitizations, net     200,000,000              
Subsequent Events | Line of Credit | Credit facility                    
Subsequent Event                    
Proceeds from credit facilities     100,000,000              
Payments on credit facility     240,000,000              
Revolving credit facility outstanding balance     $ 0