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Real Estate Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2021
Real Estate [Abstract] |
Schedule of Single-Family Properties | The net book values of real estate assets consisted of the following as of December 31, 2021 and 2020 (in thousands):
| December 31, 2021 |  | December 31, 2020
Occupied single-family properties | $ | 8,522,080 |  |  | $ | 7,957,513 |
Single-family properties leased, not yet occupied | 77,221 |  |  | 71,334 |
Single-family properties in turnover process | 184,170 |  |  | 150,032 |
Single-family properties recently renovated or developed | 126,379 |  |  | 26,102 |
Single-family properties newly acquired and under renovation | 337,643 |  |  | 40,407 |
Single-family properties in operation, net | 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 |
The following table summarizes the Company’s dispositions of single-family properties and land for the years ended December 31, 2021, 2020 and 2019 (in thousands, except property data):
| For the Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Single-family properties: |  |  |  |  |
Properties sold | 481 |  |  | 1,047 |  |  | 1,330 |
Net proceeds (1)(2) | $ | 130,825 |  |  | $ | 228,495 |  |  | $ | 248,199 |
Net gain on sale | $ | 50,543 |  |  | $ | 47,187 |  |  | $ | 43,507 |
Land: |  |  |  |  |
Net proceeds | $ | 1,247 |  |  | $ | 71 |  |  | $ | 3,205 |
Net gain on sale | $ | 136 |  |  | $ | 7 |  |  | $ | 366 |
(1)Total net proceeds for the year ended December 31, 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 5. Escrow Deposits, Prepaid Expenses and Other Assets).(2)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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