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Real Estate Assets, Net - Schedule of Real Estate Properties (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Property Subject to or Available for Operating Lease |  |
Net book value | $ 9,247,493 | $ 8,245,388
Development land | 549,653 | 270,767
Single-family properties under development | 332,506 | 239,598
Single-family properties held for sale, net | 114,907 | 129,026
Total real estate assets, net | 10,244,559 | 8,884,779
Single Family Homes |  |
Property Subject to or Available for Operating Lease |  |
Total real estate assets, net | 10,244,559 | 8,884,779
Single Family Homes | Single-family properties in turnover process |  |
Property Subject to or Available for Operating Lease |  |
Net book value | 184,170 | 150,032
Single Family Homes | Single-family properties recently renovated or developed |  |
Property Subject to or Available for Operating Lease |  |
Net book value | 126,379 | 26,102
Single Family Homes | Single-family properties newly acquired and under renovation |  |
Property Subject to or Available for Operating Lease |  |
Net book value | 337,643 | 40,407
Single Family Homes | Occupied single-family properties |  |
Property Subject to or Available for Operating Lease |  |
Net book value | 8,522,080 | 7,957,513
Single Family Homes | Single-family properties leased, not yet occupied |  |
Property Subject to or Available for Operating Lease |  |
Net book value | $ 77,221 | $ 71,334

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