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Real Estate Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2020
Real Estate [Abstract] |
Single-Family Properties, Net | The net book values of real estate assets consisted of the following as of June 30, 2020 and December 31, 2019 (in thousands):
| June 30, 2020 |  | December 31, 2019
Occupied single-family properties | $ | 7,775,254 |  |  | $ | 7,534,627 |
Single-family properties recently acquired | 31,669 |  |  | 88,181 |
Single-family properties in turnover process | 188,299 |  |  | 308,008 |
Single-family properties leased, not yet occupied | 101,001 |  |  | 55,460 |
Single-family properties in operation, net | 8,096,223 |  |  | 7,986,276 |
Development land | 237,169 |  |  | 224,041 |
Single-family properties under development | 215,958 |  |  | 131,386 |
Single-family properties held for sale, net | 171,622 |  |  | 209,828 |
Total real estate assets, net | $ | 8,720,972 |  |  | $ | 8,551,531 |
The following table summarizes the Company’s dispositions of single-family properties and land for the three and six months ended June 30, 2020 and 2019 (in thousands, except property data):
| For the Three Months Ended |  |  |  | For the Six Months Ended |  |
| June 30, 2020 |  | June 30, 2019 |  | June 30, 2020 |  | June 30, 2019
Single-family properties: |  |  |  |  |  |  |
Properties sold | 216 |  |  | 433 |  |  | 626 |  |  | 613 |
Net proceeds (1) | $ | 47,626 |  |  | $ | 82,828 |  |  | $ | 128,812 |  |  | $ | 115,451 |
Net gain on sale | $ | 10,651 |  |  | $ | 13,569 |  |  | $ | 24,409 |  |  | $ | 19,149 |
Land: |  |  |  |  |  |  |
Net proceeds | $ | — |  |  | $ | 899 |  |  | $ | 71 |  |  | $ | 1,195 |
Net gain on sale | $ | — |  |  | $ | 156 |  |  | $ | 7 |  |  | $ | 225 |
(1)Total net proceeds for the three and six months ended June 30, 2019 included a $30.7 million note receivable, before a $1.2 million discount, which is presented in escrow deposits, prepaid expenses and other assets (see Note 6. Escrow Deposits, Prepaid Expenses and Other Assets).

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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