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Real Estate Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2022
Real Estate [Abstract] |
Single-Family Properties, Net | The net book values of real estate assets consisted of the following as of June 30, 2022 and December 31, 2021 (amounts in thousands):
| June 30, 2022 |  | December 31, 2021
Occupied single-family properties | $ | 9,162,103 |  |  | $ | 8,522,080 |
Single-family properties leased, not yet occupied | 122,427 |  |  | 77,221 |
Single-family properties in turnover process | 204,736 |  |  | 184,170 |
Single-family properties recently renovated or developed | 157,253 |  |  | 126,379 |
Single-family properties newly acquired and under renovation | 190,762 |  |  | 337,643 |
Single-family properties in operation, net | 9,837,281 |  |  | 9,247,493 |
Development land | 646,855 |  |  | 549,653 |
Single-family properties under development | 417,051 |  |  | 332,506 |
Single-family properties held for sale, net | 159,243 |  |  | 114,907 |
Total real estate assets, net | $ | 11,060,430 |  |  | $ | 10,244,559 |
The following table summarizes the Company’s dispositions of single-family properties and land for the three and six months ended June 30, 2022 and 2021 (amounts in thousands, except property data):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Single-family properties: |  |  |  |  |  |  |
Properties sold | 197 |  |  | 97 |  |  | 366 |  |  | 277 |
Net proceeds (1) | $ | 60,801 |  |  | $ | 28,092 |  |  | $ | 111,060 |  |  | $ | 74,132 |
Net gain on sale | $ | 33,147 |  |  | $ | 11,422 |  |  | $ | 57,692 |  |  | $ | 26,772 |
Land: |  |  |  |  |  |  |
Net proceeds | $ | 794 |  |  | $ | 55 |  |  | $ | 1,942 |  |  | $ | 319 |
Net gain (loss) on sale | $ | 148 |  |  | $ | (62) |  |  | $ | 426 |  |  | $ | (139) |
(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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