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Real Estate Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2021
Real Estate [Abstract] |
Single-Family Properties, Net | The net book values of real estate assets consisted of the following as of June 30, 2021 and December 31, 2020 (in thousands):
| June 30, 2021 |  | December 31, 2020
Occupied single-family properties | $ | 8,223,674 |  |  | $ | 7,957,513 |
Single-family properties recently acquired or developed | 134,991 |  |  | 66,857 |
Single-family properties in turnover process | 89,091 |  |  | 149,684 |
Single-family properties leased, not yet occupied | 98,896 |  |  | 71,334 |
Single-family properties in operation, net | 8,546,652 |  |  | 8,245,388 |
Development land | 325,543 |  |  | 270,767 |
Single-family properties under development | 322,436 |  |  | 239,598 |
Single-family properties held for sale, net | 107,363 |  |  | 129,026 |
Total real estate assets, net | $ | 9,301,994 |  |  | $ | 8,884,779 |
The following table summarizes the Company’s dispositions of single-family properties and land for the three and six months ended June 30, 2021 and 2020 (in thousands, except property data):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Single-family properties: |  |  |  |  |  |  |
Properties sold | 97 |  |  | 216 |  |  | 277 |  |  | 626 |
Net proceeds (1) | $ | 28,092 |  |  | $ | 47,626 |  |  | $ | 74,132 |  |  | $ | 128,812 |
Net gain on sale | $ | 11,422 |  |  | $ | 10,651 |  |  | $ | 26,772 |  |  | $ | 24,409 |
Land: |  |  |  |  |  |  |
Net proceeds | $ | 55 |  |  | $ | — |  |  | $ | 319 |  |  | $ | 71 |
Net (loss) gain on sale | $ | (62) |  |  | $ | — |  |  | $ | (139) |  |  | $ | 7 |
(1)Net proceeds are net of deductions for working capital prorations.

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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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