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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2020
(Amounts in thousands, except number of single-family homes)Initial Cost to CompanyCost Capitalized Subsequent to Acquisition
Total Cost
as of December 31, 2020 (1)
MarketNumber of Single-Family HomesGross Book Value of Encumbered AssetsLandBuildings and ImprovementsLandBuildings and ImprovementsLandBuildings and ImprovementsTotalAccumulated DepreciationNet Cost BasisDate of Acquisition
Single-family properties in operation
Albuquerque212$— $6,481 $24,088 $— $4,196 $6,481 $28,285 $34,766 $(7,918)$26,848 2013-2015
Atlanta4,977191,270 158,809 639,258 — 124,566 158,809 763,823 922,632 (148,028)774,604 2012-2020
Austin93041,150 30,793 129,206 — 23,430 30,793 152,636 183,429 (27,318)156,111 2012-2020
Boise4797,824 18,460 62,598 — 8,266 18,460 70,864 89,324 (12,427)76,897 2013-2020
Charleston1,23882,876 51,243 177,451 — 24,313 51,243 201,764 253,007 (35,464)217,543 2012-2020
Charlotte3,811286,061 146,554 540,729 — 69,679 146,554 610,408 756,962 (116,918)640,044 2012-2020
Cincinnati1,982236,807 61,743 245,214 — 44,883 61,743 290,097 351,840 (77,002)274,838 2012-2020
Colorado Springs22— 903 2,953 — 757 903 3,710 4,613 (1,087)3,526 2013
Columbus2,062142,459 60,399 252,308 — 49,203 60,399 301,511 361,910 (65,312)296,598 2012-2020
Dallas-Fort Worth4,312289,042 110,788 512,321 — 97,832 110,788 610,153 720,941 (149,253)571,688 2012-2020
Denver831— 46,227 180,657 — 22,990 46,227 203,647 249,874 (41,595)208,279 2012-2020
Greater Chicago area, IL and IN1,730184,002 54,307 214,382 — 50,045 54,307 264,427 318,734 (74,990)243,744 2012-2015
Greensboro70153,289 20,044 90,681 — 11,811 20,044 102,492 122,536 (24,164)98,372 2013-2020
Greenville66772,815 16,927 87,887 — 12,757 16,927 100,644 117,571 (24,617)92,954 2013-2020
Houston2,979174,376 61,646 368,369 — 65,439 61,646 433,808 495,454 (103,197)392,257 2012-2017
Indianapolis2,813297,698 74,865 300,845 — 62,217 74,865 363,062 437,927 (101,632)336,295 2012-2020
Inland Empire106— 11,143 13,708 — 2,189 11,143 15,897 27,040 (3,340)23,700 2012-2016
Jacksonville2,42461,410 75,437 309,965 — 60,338 75,437 370,303 445,740 (71,274)374,466 2012-2020
Knoxville38617,551 12,667 61,009 — 7,104 12,667 68,113 80,780 (15,635)65,145 2013-2017
Las Vegas1,12722,020 38,724 144,400 — 32,043 38,724 176,443 215,167 (42,118)173,049 2011-2020
Memphis65217,178 21,016 75,392 — 14,003 21,016 89,395 110,411 (20,212)90,199 2013-2018
Miami1853,602 2,210 21,363 — 5,075 2,210 26,438 28,648 (7,293)21,355 2013-2015
Milwaukee109— 6,459 19,135 — 2,246 6,459 21,381 27,840 (6,053)21,787 2013
Nashville2,907184,511 122,810 450,035 — 61,609 122,810 511,644 634,454 (100,818)533,636 2012-2020
Orlando1,74346,901 63,440 222,416 — 38,828 63,440 261,244 324,684 (54,903)269,781 2011-2020
Phoenix3,14756,370 135,953 370,814 — 59,616 135,953 430,430 566,383 (88,168)478,215 2011-2020
Portland29824,537 22,403 47,039 — 3,394 22,403 50,433 72,836 (8,718)64,118 2013-2020
Raleigh2,118213,127 74,154 285,713 — 36,979 74,154 322,692 396,846 (71,230)325,616 2012-2020
Salt Lake City1,595158,899 94,546 270,926 — 50,916 94,546 321,842 416,388 (58,005)358,383 2012-2020
San Antonio93854,450 29,018 103,868 — 20,572 29,018 124,440 153,458 (29,888)123,570 2012-2020
Savannah/Hilton Head91742,191 30,658 122,130 — 15,981 30,658 138,111 168,769 (23,967)144,802 2013-2019
Seattle77328,177 53,493 149,019 — 12,401 53,493 161,420 214,913 (24,524)190,389 2012-2020
Tampa2,46446,234 93,944 353,805 — 54,255 93,944 408,060 502,004 (79,113)422,891 2012-2020
Tucson42512,102 9,359 45,855 — 9,681 9,359 55,536 64,895 (14,157)50,738 2011-2020
Winston Salem81343,181 19,175 96,073 — 11,797 19,175 107,870 127,045 (24,095)102,950 2013-2020
Total Single-family properties in operation52,8733,092,110 1,836,798 6,991,612 — 1,171,411 1,836,798 8,163,023 9,999,821 (1,754,433)8,245,388 2011-2020
Properties under development & development land— — 226,204 — 44,563 239,598 270,767 239,598 510,365 — 510,365 
Total Single-family properties held for sale711— 34,457 95,541 — 18,501 34,457 114,042 148,499 (19,473)129,026 2011-2018
Total real estate assets53,584$3,092,110 $2,097,459 $7,087,153 $44,563 $1,429,510 $2,142,022 $8,516,663 $10,658,685 $(1,773,906)$8,884,779 2011-2020
(1)The unaudited aggregate cost of consolidated real estate in the table above for federal income tax purposes was $10.7 billion as of December 31, 2020.

American Homes 4 Rent
American Homes 4 Rent, L.P.
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2020 (Continued)

Change in Total Real Estate Assets for Single-Family Properties in Operation
 For the Years Ended December 31,
(Amounts in thousands)202020192018
Balance, beginning of period$9,448,381 $9,197,096 $8,968,901 
Acquisitions and building improvements689,566 379,466 628,118 
Dispositions(208,540)(233,094)(59,308)
Write-offs(20,843)(12,353)(9,572)
Impairment(1,957)(3,663)(5,858)
Reclassifications to single-family properties held for sale, net of dispositions93,214 120,929 (325,185)
Balance, end of period$9,999,821 $9,448,381 $9,197,096 

Change in Accumulated Depreciation for Single-Family Properties in Operation
 For the Years Ended December 31,
(Amounts in thousands)202020192018
Balance, beginning of period$(1,462,105)$(1,176,499)$(939,724)
Depreciation (1)
(330,192)(313,683)(300,746)
Dispositions29,433 28,154 11,738 
Write-offs20,843 12,353 9,572 
Reclassifications to single-family properties held for sale, net of dispositions(12,412)(12,430)42,661 
Balance, end of period$(1,754,433)$(1,462,105)$(1,176,499)
(1)Depreciation of buildings and improvements is computed on a straight-line basis over estimated useful lives ranging from three to thirty years.