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Debt - Narrative (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Nov. 15, 2018
USD ($)
Feb. 29, 2016
USD ($)
day
Feb. 28, 2018
USD ($)
Sep. 30, 2015
USD ($)
single_family_property
Mar. 31, 2015
USD ($)
property
Dec. 31, 2014
USD ($)
property
Nov. 30, 2014
USD ($)
property
Sep. 30, 2014
USD ($)
property
May 31, 2014
USD ($)
floating_rate_component
property
extension_option
Jun. 30, 2018
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
single_family_property
property
extension_option
Dec. 31, 2017
USD ($)
single_family_property
property
Dec. 31, 2016
USD ($)
property
Jun. 30, 2017
USD ($)
Debt Instrument [Line Items]                              
Loan payoff amount                       $ 20,847,000 $ 477,879,000 $ 381,117,000  
Gain (loss) on extinguishment of debt                       (1,447,000) (6,555,000) (13,408,000)  
Single-family properties                       8,020,597,000 8,029,177,000    
Proceeds from unsecured senior notes, net of discount                       497,210,000 0 0  
Deferred financing costs, net                       $ 36,421,000 38,026,000    
Minimum coverage ratio                       1.20      
Debt instrument, unamortized discount                       $ 2,546,000 895,000    
Exchangeable senior notes, net                       0 111,697,000    
Debt instrument, convertible, carrying amount of equity component                       0 2,408,000    
Payments on secured note payable                       49,427,000 969,000 924,000  
Total debt                       2,842,510,000 2,517,216,000    
Designated as Hedging Instrument | Treasury Lock                              
Debt Instrument [Line Items]                              
Derivative interest rate     4.08%                        
Revolving Credit Facility                              
Debt Instrument [Line Items]                              
Payments on credit facility                       295,000,000 112,000,000 $ 951,000,000  
Deferred financing costs, net                       $ 6,900,000 $ 8,800,000    
American Residential Properties Inc.                              
Debt Instrument [Line Items]                              
Purchase price   $ 1,322,461,000                          
Ellington Portfolio Acquisition                              
Debt Instrument [Line Items]                              
Interest rate           4.06%                  
Number of properties acquired | property           914                  
Number of properties treated as collateral | property           583                  
Minimum debt service coverage ratio           1.47                  
Single family homes                              
Debt Instrument [Line Items]                              
Number of properties | single_family_property                       52,783 51,239    
Encumbered Properties                              
Debt Instrument [Line Items]                              
Number of properties | property                       18,009 18,334    
Single-family properties                       $ 2,548,384,000 $ 2,701,311,000    
2014-SFR 1                              
Debt Instrument [Line Items]                              
Loan payoff amount                         $ 455,400,000    
Debt instrument term                 2 years            
Interest rate cap agreement strike rate                 3.85%            
Period of extension options                 12 months            
2014-SFR 1 | Single family homes                              
Debt Instrument [Line Items]                              
LIBOR floor rate                 0.25%            
Number of debt instrument extension options | extension_option                 3            
Proceeds from asset-backed securitizations                 $ 481,000,000            
Debt issuance cost                 $ 14,900,000            
2014-SFR 1 | Single family homes | LIBOR                              
Debt Instrument [Line Items]                              
Interest margin on reference rate                 1.54%            
2014-SFR 1 | Property disqualified from collateral pool | Single family homes                              
Debt Instrument [Line Items]                              
Number of homes pledged as collateral and released | property                         3,799 2,875  
Release of restricted cash collateral for borrowed securities                     $ (9,400,000)     $ (10,100,000)  
2014-SFR 2                              
Debt Instrument [Line Items]                              
Number of homes pledged as collateral and released | property                       0 3    
Collateral, number of properties substituted | property                       65 0    
Total release price                       $ 0 $ 400,000    
2014-SFR 2 | Single family homes                              
Debt Instrument [Line Items]                              
Loan payoff amount               $ 25,700,000              
Number of properties | property               4,487              
Debt instrument, face amount               $ 513,300,000              
Debt instrument term               10 years              
Proceeds from asset-backed securitizations               $ 487,700,000              
Debt issuance cost               $ 12,900,000              
Weighted-average interest rate               4.42%              
2014-SFR 2 | Encumbered Properties                              
Debt Instrument [Line Items]                              
Number of properties | property                       4,546 4,481    
Single-family properties                       $ 611,279,000 $ 627,988,000    
2014-SFR 3                              
Debt Instrument [Line Items]                              
Number of homes pledged as collateral and released | property                       0 4    
Collateral, number of properties substituted | property                       89 0    
Total release price                       $ 0 $ 500,000    
2014-SFR 3 | Single family homes                              
Debt Instrument [Line Items]                              
Number of properties | property             4,503                
Debt instrument, face amount             $ 528,400,000                
Debt instrument term             10 years                
Debt issuance cost             $ 12,900,000                
Weighted-average interest rate             4.40%                
2014-SFR 3 | Encumbered Properties                              
Debt Instrument [Line Items]                              
Number of properties | property                       4,588 4,499    
Single-family properties                       $ 662,068,000 $ 680,788,000    
2015-SFR 1                              
Debt Instrument [Line Items]                              
Number of homes pledged as collateral and released | property                       0 2    
Collateral, number of properties substituted | property                       39 0    
Total release price                       $ 0 $ 200,000    
2015-SFR 1 | Special Purpose Entity                              
Debt Instrument [Line Items]                              
Debt instrument, face amount         $ 552,800,000                    
Debt instrument term         30 years                    
Weighted-average interest rate         4.14%                    
2015-SFR 1 | Single family homes                              
Debt Instrument [Line Items]                              
Proceeds from asset-backed securitizations         $ 552,800,000                    
Debt issuance cost         $ 13,300,000                    
2015-SFR 1 | Encumbered Properties                              
Debt Instrument [Line Items]                              
Number of properties | property                       4,697 4,658    
Single-family properties                       $ 662,202,000 $ 685,055,000    
2015-SFR 2                              
Debt Instrument [Line Items]                              
Number of homes pledged as collateral and released | property                       1      
Collateral, number of properties substituted | property                       55      
Total release price                       $ 100,000      
2015-SFR 2 | Special Purpose Entity                              
Debt Instrument [Line Items]                              
Debt instrument, face amount       $ 477,700,000                      
Debt instrument term       30 years                      
Proceeds from asset-backed securitizations       $ 477,700,000                      
Debt issuance cost       $ 11,300,000                      
Weighted-average interest rate       4.36%                      
2015-SFR 2 | Single family homes | Special Purpose Entity                              
Debt Instrument [Line Items]                              
Number of properties | single_family_property       4,125                      
2015-SFR 2 | Encumbered Properties                              
Debt Instrument [Line Items]                              
Number of properties | property                       4,178 4,124    
Single-family properties                       $ 612,835,000 $ 635,612,000    
Notes Payable | Ellington Portfolio Acquisition                              
Debt Instrument [Line Items]                              
Purchase price           $ 51,600,000                  
Notes Payable | 2014-SFR 1 | Special Purpose Entity                              
Debt Instrument [Line Items]                              
Number of properties | property                 3,852            
Debt instrument, face amount                 $ 481,000,000            
Number of floating rate loan components | floating_rate_component                 6            
Notes Payable | 2015-SFR 1 | Special Purpose Entity                              
Debt Instrument [Line Items]                              
Number of properties | property         4,661                    
Term loan facility, net                              
Debt Instrument [Line Items]                              
Payments on credit facility                       100,000,000 100,000,000 0  
Credit Agreement                              
Debt Instrument [Line Items]                              
Debt instrument, accordion feature, higher borrowing capacity option                       1,750,000,000      
Credit Agreement | Revolving Credit Facility                              
Debt Instrument [Line Items]                              
Debt instrument, face amount                           1,000,000,000  
Secured Debt                              
Debt Instrument [Line Items]                              
Total debt                       $ 1,992,510,000 $ 2,013,357,000    
Secured Debt | Encumbered Properties                              
Debt Instrument [Line Items]                              
Number of properties | property                       0 572    
Single-family properties                       $ 0 $ 71,868,000    
Secured Debt | 2014-SFR 1 | Special Purpose Entity                              
Debt Instrument [Line Items]                              
Gain (loss) on extinguishment of debt                     $ (6,600,000)     (10,700,000)  
Secured Debt | Notes Payable                              
Debt Instrument [Line Items]                              
Loan payoff amount                       $ 48,400,000      
Gain (loss) on extinguishment of debt                   $ (500,000)          
Number of homes pledged as collateral and released | property                       572      
Release of restricted cash collateral for borrowed securities                       $ (2,100,000)      
Payments on secured note payable                   $ 48,400,000          
Total debt                       $ 0 48,859,000    
Line of Credit | Revolving Credit Facility                              
Debt Instrument [Line Items]                              
Number of debt instrument extension options | extension_option                       2      
Credit facility maximum borrowing capacity                       $ 200,000,000.0     $ 800,000,000
Line of credit extension period                       6 months      
Total debt                       $ 250,000,000 140,000,000    
Line of Credit | Revolving Credit Facility | LIBOR                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       1.20%      
Line of Credit | Minimum | Revolving Credit Facility | LIBOR                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       0.825%      
Line of Credit | Minimum | Revolving Credit Facility | Base Rate                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       0.00%      
Line of Credit | Maximum | Revolving Credit Facility | LIBOR                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       1.55%      
Line of Credit | Maximum | Revolving Credit Facility | Base Rate                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       0.55%      
Line of Credit | Special Purpose Entity                              
Debt Instrument [Line Items]                              
Gain (loss) on extinguishment of debt                           $ (2,700,000)  
Line of Credit | Term loan facility, net                              
Debt Instrument [Line Items]                              
Payments on credit facility                       $ 100,000,000      
Write off of deferred debt issuance costs                       900,000      
Deferred financing costs, net                       800,000 2,000,000    
Total debt                       $ 100,000,000 200,000,000    
Line of Credit | Term loan facility, net | LIBOR                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       1.35%      
Line of Credit | Term loan facility, net | Minimum | LIBOR                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       0.90%      
Line of Credit | Term loan facility, net | Minimum | Base Rate                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       0.00%      
Line of Credit | Term loan facility, net | Maximum | LIBOR                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       1.75%      
Line of Credit | Term loan facility, net | Maximum | Base Rate                              
Debt Instrument [Line Items]                              
Basis spread on variable rate                       0.75%      
Senior notes | 4.25% Senior Notes Due 2028                              
Debt Instrument [Line Items]                              
Debt instrument, face amount     $ 500,000,000                        
Interest rate     4.25%                 4.25%      
Proceeds from unsecured senior notes, net of discount     $ 494,000,000                        
Underwriting fees     3,200,000                        
Unamortized discount on debt     2,800,000                        
Deferred financing costs, net     $ 1,900,000                        
Total debt                       $ 500,000,000 0    
Convertible Debt                              
Debt Instrument [Line Items]                              
Settlement of exchangeable senior notes, aggregate payment $ 135,100,000                            
Measurement period for exchange values 40 days                            
Measurement period prior to maturity 42 days                            
Fair value of liability component immediately prior to extinguishment $ 115,000,000                            
Settlement consideration allocated to reacquisition of equity component $ 20,100,000                            
Convertible Debt | 3.25% Exchangeable Senior Notes                              
Debt Instrument [Line Items]                              
Debt instrument, face amount   $ 115,000,000                          
Interest rate   3.25%                          
Conversion ratio                       0.0556688      
Debt Instrument, convertible, threshold percentage of stock price trigger   98.00%                          
Debt instrument, convertible, threshold trading days | day   20                          
Debt instrument, convertible, threshold consecutive trading days | day   5                          
Convertible debt   $ 112,300,000                          
Debt instrument, unamortized discount   2,700,000                          
Exchangeable senior notes, net   105,300,000                          
Debt instrument, convertible, carrying amount of equity component   $ 7,000,000                          
Total debt                       $ 0 $ 115,000,000    
Convertible Debt | 3.25% Exchangeable Senior Notes | Discount Rate                              
Debt Instrument [Line Items]                              
Fair value inputs, discount rate   0.067                          
Convertible Debt | 3.25% Exchangeable Senior Notes | Minimum                              
Debt Instrument [Line Items]                              
Debt Instrument, convertible, threshold percentage of stock price trigger   130.00%                          
Debt instrument, convertible, threshold consecutive trading days | day   30                          
Convertible Debt | 3.25% Exchangeable Senior Notes | American Residential Properties Inc.                              
Debt Instrument [Line Items]                              
Conversion ratio   0.0469423                          
Conversion ratio, adjusted   0.0532795                          
Business acquisition, equity interest issued or issuable, number of shares, multiplier   1.135