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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Single-family properties:    
Land $ 2,062,039 $ 1,836,798
Buildings and improvements 9,258,387 8,163,023
Single-family properties in operation 11,320,426 9,999,821
Less: accumulated depreciation (2,072,933) (1,754,433)
Net Book Value 9,247,493 8,245,388
Single-family properties under development and development land 882,159 510,365
Single-family properties held for sale, net 114,907 129,026
Total real estate assets, net 10,244,559 8,884,779
Cash and cash equivalents 48,198 137,060
Restricted cash 143,569 128,017
Rent and other receivables 41,587 41,544
Escrow deposits, prepaid expenses and other assets 216,625 163,171
Investments in unconsolidated joint ventures 121,950 93,109
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 10,962,433 9,593,625
Liabilities    
Revolving credit facility 350,000 0
Asset-backed securitizations, net 1,908,346 1,927,607
Unsecured senior notes, net 1,622,132 889,805
Accounts payable and accrued expenses 343,526 298,949
Amounts payable to affiliates 0 4,834
Total liabilities 4,224,004 3,121,195
Commitments and contingencies (see Note 14)
Shareholders' equity:    
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 15,400,000 and 35,350,000 shares issued and outstanding at December 31, 2021 and 2020, respectively) 154 354
Additional paid-in capital 6,492,933 6,223,256
Accumulated deficit (438,710) (443,522)
Accumulated other comprehensive income 1,814 5,840
Total shareholders' equity 6,059,571 5,789,094
Noncontrolling interest 678,858 683,336
Total equity 6,738,429 6,472,430
Total liabilities and equity/capital 10,962,433 9,593,625
Class A Common Shares/Units    
Shareholders' equity:    
Common stock, value, issued 3,374 3,160
Class B common shares    
Shareholders' equity:    
Common stock, value, issued $ 6 $ 6