XML 97 R81.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule III - Real Estate and Accumulated Depreciation - Schedule of Properties (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
USD ($)
singleFamilyProperty
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 53,584      
Gross Book Value of Encumbered Assets $ 3,092,110      
Initial Cost to Company, Land 2,097,459      
Initial Cost to Company, Buildings and Improvements 7,087,153      
Cost Capitalized Subsequent to Acquisition, Land 44,563      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 1,429,510      
Total Cost, Land 2,142,022      
Total Cost, Buildings and Improvements 8,516,663      
Total 10,658,685      
Accumulated Depreciation (1,773,906)      
Net Cost Basis 8,884,779      
Aggregate cost of consolidated real estate for federal income tax purposes $ 10,700,000      
Single family homes        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 52,873      
Gross Book Value of Encumbered Assets $ 3,092,110      
Initial Cost to Company, Land 1,836,798      
Initial Cost to Company, Buildings and Improvements 6,991,612      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 1,171,411      
Total Cost, Land 1,836,798      
Total Cost, Buildings and Improvements 8,163,023      
Total 9,999,821 $ 9,448,381 $ 9,197,096 $ 8,968,901
Accumulated Depreciation (1,754,433) $ (1,462,105) $ (1,176,499) $ (939,724)
Net Cost Basis $ 8,245,388      
Single family homes | Albuquerque        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 212      
Gross Book Value of Encumbered Assets $ 0      
Initial Cost to Company, Land 6,481      
Initial Cost to Company, Buildings and Improvements 24,088      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 4,196      
Total Cost, Land 6,481      
Total Cost, Buildings and Improvements 28,285      
Total 34,766      
Accumulated Depreciation (7,918)      
Net Cost Basis $ 26,848      
Single family homes | Atlanta        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 4,977      
Gross Book Value of Encumbered Assets $ 191,270      
Initial Cost to Company, Land 158,809      
Initial Cost to Company, Buildings and Improvements 639,258      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 124,566      
Total Cost, Land 158,809      
Total Cost, Buildings and Improvements 763,823      
Total 922,632      
Accumulated Depreciation (148,028)      
Net Cost Basis $ 774,604      
Single family homes | Austin        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 930      
Gross Book Value of Encumbered Assets $ 41,150      
Initial Cost to Company, Land 30,793      
Initial Cost to Company, Buildings and Improvements 129,206      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 23,430      
Total Cost, Land 30,793      
Total Cost, Buildings and Improvements 152,636      
Total 183,429      
Accumulated Depreciation (27,318)      
Net Cost Basis $ 156,111      
Single family homes | Boise        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 479      
Gross Book Value of Encumbered Assets $ 7,824      
Initial Cost to Company, Land 18,460      
Initial Cost to Company, Buildings and Improvements 62,598      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 8,266      
Total Cost, Land 18,460      
Total Cost, Buildings and Improvements 70,864      
Total 89,324      
Accumulated Depreciation (12,427)      
Net Cost Basis $ 76,897      
Single family homes | Charleston        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 1,238      
Gross Book Value of Encumbered Assets $ 82,876      
Initial Cost to Company, Land 51,243      
Initial Cost to Company, Buildings and Improvements 177,451      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 24,313      
Total Cost, Land 51,243      
Total Cost, Buildings and Improvements 201,764      
Total 253,007      
Accumulated Depreciation (35,464)      
Net Cost Basis $ 217,543      
Single family homes | Charlotte        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 3,811      
Gross Book Value of Encumbered Assets $ 286,061      
Initial Cost to Company, Land 146,554      
Initial Cost to Company, Buildings and Improvements 540,729      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 69,679      
Total Cost, Land 146,554      
Total Cost, Buildings and Improvements 610,408      
Total 756,962      
Accumulated Depreciation (116,918)      
Net Cost Basis $ 640,044      
Single family homes | Cincinnati        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 1,982      
Gross Book Value of Encumbered Assets $ 236,807      
Initial Cost to Company, Land 61,743      
Initial Cost to Company, Buildings and Improvements 245,214      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 44,883      
Total Cost, Land 61,743      
Total Cost, Buildings and Improvements 290,097      
Total 351,840      
Accumulated Depreciation (77,002)      
Net Cost Basis $ 274,838      
Single family homes | Colorado Springs        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 22      
Gross Book Value of Encumbered Assets $ 0      
Initial Cost to Company, Land 903      
Initial Cost to Company, Buildings and Improvements 2,953      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 757      
Total Cost, Land 903      
Total Cost, Buildings and Improvements 3,710      
Total 4,613      
Accumulated Depreciation (1,087)      
Net Cost Basis $ 3,526      
Single family homes | Columbus        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 2,062      
Gross Book Value of Encumbered Assets $ 142,459      
Initial Cost to Company, Land 60,399      
Initial Cost to Company, Buildings and Improvements 252,308      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 49,203      
Total Cost, Land 60,399      
Total Cost, Buildings and Improvements 301,511      
Total 361,910      
Accumulated Depreciation (65,312)      
Net Cost Basis $ 296,598      
Single family homes | Dallas-Fort Worth        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 4,312      
Gross Book Value of Encumbered Assets $ 289,042      
Initial Cost to Company, Land 110,788      
Initial Cost to Company, Buildings and Improvements 512,321      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 97,832      
Total Cost, Land 110,788      
Total Cost, Buildings and Improvements 610,153      
Total 720,941      
Accumulated Depreciation (149,253)      
Net Cost Basis $ 571,688      
Single family homes | Denver        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 831      
Gross Book Value of Encumbered Assets $ 0      
Initial Cost to Company, Land 46,227      
Initial Cost to Company, Buildings and Improvements 180,657      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 22,990      
Total Cost, Land 46,227      
Total Cost, Buildings and Improvements 203,647      
Total 249,874      
Accumulated Depreciation (41,595)      
Net Cost Basis $ 208,279      
Single family homes | Greater Chicago area, IL and IN        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 1,730      
Gross Book Value of Encumbered Assets $ 184,002      
Initial Cost to Company, Land 54,307      
Initial Cost to Company, Buildings and Improvements 214,382      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 50,045      
Total Cost, Land 54,307      
Total Cost, Buildings and Improvements 264,427      
Total 318,734      
Accumulated Depreciation (74,990)      
Net Cost Basis $ 243,744      
Single family homes | Greensboro        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 701      
Gross Book Value of Encumbered Assets $ 53,289      
Initial Cost to Company, Land 20,044      
Initial Cost to Company, Buildings and Improvements 90,681      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 11,811      
Total Cost, Land 20,044      
Total Cost, Buildings and Improvements 102,492      
Total 122,536      
Accumulated Depreciation (24,164)      
Net Cost Basis $ 98,372      
Single family homes | Greenville        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 667      
Gross Book Value of Encumbered Assets $ 72,815      
Initial Cost to Company, Land 16,927      
Initial Cost to Company, Buildings and Improvements 87,887      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 12,757      
Total Cost, Land 16,927      
Total Cost, Buildings and Improvements 100,644      
Total 117,571      
Accumulated Depreciation (24,617)      
Net Cost Basis $ 92,954      
Single family homes | Houston        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 2,979      
Gross Book Value of Encumbered Assets $ 174,376      
Initial Cost to Company, Land 61,646      
Initial Cost to Company, Buildings and Improvements 368,369      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 65,439      
Total Cost, Land 61,646      
Total Cost, Buildings and Improvements 433,808      
Total 495,454      
Accumulated Depreciation (103,197)      
Net Cost Basis $ 392,257      
Single family homes | Indianapolis        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 2,813      
Gross Book Value of Encumbered Assets $ 297,698      
Initial Cost to Company, Land 74,865      
Initial Cost to Company, Buildings and Improvements 300,845      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 62,217      
Total Cost, Land 74,865      
Total Cost, Buildings and Improvements 363,062      
Total 437,927      
Accumulated Depreciation (101,632)      
Net Cost Basis $ 336,295      
Single family homes | Inland Empire        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 106      
Gross Book Value of Encumbered Assets $ 0      
Initial Cost to Company, Land 11,143      
Initial Cost to Company, Buildings and Improvements 13,708      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 2,189      
Total Cost, Land 11,143      
Total Cost, Buildings and Improvements 15,897      
Total 27,040      
Accumulated Depreciation (3,340)      
Net Cost Basis $ 23,700      
Single family homes | Jacksonville        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 2,424      
Gross Book Value of Encumbered Assets $ 61,410      
Initial Cost to Company, Land 75,437      
Initial Cost to Company, Buildings and Improvements 309,965      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 60,338      
Total Cost, Land 75,437      
Total Cost, Buildings and Improvements 370,303      
Total 445,740      
Accumulated Depreciation (71,274)      
Net Cost Basis $ 374,466      
Single family homes | Knoxville        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 386      
Gross Book Value of Encumbered Assets $ 17,551      
Initial Cost to Company, Land 12,667      
Initial Cost to Company, Buildings and Improvements 61,009      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 7,104      
Total Cost, Land 12,667      
Total Cost, Buildings and Improvements 68,113      
Total 80,780      
Accumulated Depreciation (15,635)      
Net Cost Basis $ 65,145      
Single family homes | Las Vegas        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 1,127      
Gross Book Value of Encumbered Assets $ 22,020      
Initial Cost to Company, Land 38,724      
Initial Cost to Company, Buildings and Improvements 144,400      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 32,043      
Total Cost, Land 38,724      
Total Cost, Buildings and Improvements 176,443      
Total 215,167      
Accumulated Depreciation (42,118)      
Net Cost Basis $ 173,049      
Single family homes | Memphis        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 652      
Gross Book Value of Encumbered Assets $ 17,178      
Initial Cost to Company, Land 21,016      
Initial Cost to Company, Buildings and Improvements 75,392      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 14,003      
Total Cost, Land 21,016      
Total Cost, Buildings and Improvements 89,395      
Total 110,411      
Accumulated Depreciation (20,212)      
Net Cost Basis $ 90,199      
Single family homes | Miami        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 185      
Gross Book Value of Encumbered Assets $ 3,602      
Initial Cost to Company, Land 2,210      
Initial Cost to Company, Buildings and Improvements 21,363      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 5,075      
Total Cost, Land 2,210      
Total Cost, Buildings and Improvements 26,438      
Total 28,648      
Accumulated Depreciation (7,293)      
Net Cost Basis $ 21,355      
Single family homes | Milwaukee        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 109      
Gross Book Value of Encumbered Assets $ 0      
Initial Cost to Company, Land 6,459      
Initial Cost to Company, Buildings and Improvements 19,135      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 2,246      
Total Cost, Land 6,459      
Total Cost, Buildings and Improvements 21,381      
Total 27,840      
Accumulated Depreciation (6,053)      
Net Cost Basis $ 21,787      
Single family homes | Nashville        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 2,907      
Gross Book Value of Encumbered Assets $ 184,511      
Initial Cost to Company, Land 122,810      
Initial Cost to Company, Buildings and Improvements 450,035      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 61,609      
Total Cost, Land 122,810      
Total Cost, Buildings and Improvements 511,644      
Total 634,454      
Accumulated Depreciation (100,818)      
Net Cost Basis $ 533,636      
Single family homes | Orlando        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 1,743      
Gross Book Value of Encumbered Assets $ 46,901      
Initial Cost to Company, Land 63,440      
Initial Cost to Company, Buildings and Improvements 222,416      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 38,828      
Total Cost, Land 63,440      
Total Cost, Buildings and Improvements 261,244      
Total 324,684      
Accumulated Depreciation (54,903)      
Net Cost Basis $ 269,781      
Single family homes | Phoenix        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 3,147      
Gross Book Value of Encumbered Assets $ 56,370      
Initial Cost to Company, Land 135,953      
Initial Cost to Company, Buildings and Improvements 370,814      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 59,616      
Total Cost, Land 135,953      
Total Cost, Buildings and Improvements 430,430      
Total 566,383      
Accumulated Depreciation (88,168)      
Net Cost Basis $ 478,215      
Single family homes | Portland        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 298      
Gross Book Value of Encumbered Assets $ 24,537      
Initial Cost to Company, Land 22,403      
Initial Cost to Company, Buildings and Improvements 47,039      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 3,394      
Total Cost, Land 22,403      
Total Cost, Buildings and Improvements 50,433      
Total 72,836      
Accumulated Depreciation (8,718)      
Net Cost Basis $ 64,118      
Single family homes | Raleigh        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 2,118      
Gross Book Value of Encumbered Assets $ 213,127      
Initial Cost to Company, Land 74,154      
Initial Cost to Company, Buildings and Improvements 285,713      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 36,979      
Total Cost, Land 74,154      
Total Cost, Buildings and Improvements 322,692      
Total 396,846      
Accumulated Depreciation (71,230)      
Net Cost Basis $ 325,616      
Single family homes | Salt Lake City        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 1,595      
Gross Book Value of Encumbered Assets $ 158,899      
Initial Cost to Company, Land 94,546      
Initial Cost to Company, Buildings and Improvements 270,926      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 50,916      
Total Cost, Land 94,546      
Total Cost, Buildings and Improvements 321,842      
Total 416,388      
Accumulated Depreciation (58,005)      
Net Cost Basis $ 358,383      
Single family homes | San Antonio        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 938      
Gross Book Value of Encumbered Assets $ 54,450      
Initial Cost to Company, Land 29,018      
Initial Cost to Company, Buildings and Improvements 103,868      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 20,572      
Total Cost, Land 29,018      
Total Cost, Buildings and Improvements 124,440      
Total 153,458      
Accumulated Depreciation (29,888)      
Net Cost Basis $ 123,570      
Single family homes | Savannah/Hilton Head        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 917      
Gross Book Value of Encumbered Assets $ 42,191      
Initial Cost to Company, Land 30,658      
Initial Cost to Company, Buildings and Improvements 122,130      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 15,981      
Total Cost, Land 30,658      
Total Cost, Buildings and Improvements 138,111      
Total 168,769      
Accumulated Depreciation (23,967)      
Net Cost Basis $ 144,802      
Single family homes | Seattle        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 773      
Gross Book Value of Encumbered Assets $ 28,177      
Initial Cost to Company, Land 53,493      
Initial Cost to Company, Buildings and Improvements 149,019      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 12,401      
Total Cost, Land 53,493      
Total Cost, Buildings and Improvements 161,420      
Total 214,913      
Accumulated Depreciation (24,524)      
Net Cost Basis $ 190,389      
Single family homes | Tampa        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 2,464      
Gross Book Value of Encumbered Assets $ 46,234      
Initial Cost to Company, Land 93,944      
Initial Cost to Company, Buildings and Improvements 353,805      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 54,255      
Total Cost, Land 93,944      
Total Cost, Buildings and Improvements 408,060      
Total 502,004      
Accumulated Depreciation (79,113)      
Net Cost Basis $ 422,891      
Single family homes | Tucson        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 425      
Gross Book Value of Encumbered Assets $ 12,102      
Initial Cost to Company, Land 9,359      
Initial Cost to Company, Buildings and Improvements 45,855      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 9,681      
Total Cost, Land 9,359      
Total Cost, Buildings and Improvements 55,536      
Total 64,895      
Accumulated Depreciation (14,157)      
Net Cost Basis $ 50,738      
Single family homes | Winston Salem        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 813      
Gross Book Value of Encumbered Assets $ 43,181      
Initial Cost to Company, Land 19,175      
Initial Cost to Company, Buildings and Improvements 96,073      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 11,797      
Total Cost, Land 19,175      
Total Cost, Buildings and Improvements 107,870      
Total 127,045      
Accumulated Depreciation (24,095)      
Net Cost Basis $ 102,950      
Properties under development & development land        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 0      
Gross Book Value of Encumbered Assets $ 0      
Initial Cost to Company, Land 226,204      
Initial Cost to Company, Buildings and Improvements 0      
Cost Capitalized Subsequent to Acquisition, Land 44,563      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 239,598      
Total Cost, Land 270,767      
Total Cost, Buildings and Improvements 239,598      
Total 510,365      
Accumulated Depreciation 0      
Net Cost Basis $ 510,365      
Single-family properties held for sale        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Number of Single-Family Homes | singleFamilyProperty 711      
Gross Book Value of Encumbered Assets $ 0      
Initial Cost to Company, Land 34,457      
Initial Cost to Company, Buildings and Improvements 95,541      
Cost Capitalized Subsequent to Acquisition, Land 0      
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements 18,501      
Total Cost, Land 34,457      
Total Cost, Buildings and Improvements 114,042      
Total 148,499      
Accumulated Depreciation (19,473)      
Net Cost Basis $ 129,026