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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Single-family properties:    
Land $ 2,190,724 $ 2,062,039
Buildings and improvements 10,024,700 9,258,387
Single-family properties in operation 12,215,424 11,320,426
Less: accumulated depreciation (2,310,014) (2,072,933)
Single-family properties in operation, net 9,905,410 9,247,493
Single-family properties under development and development land 1,123,183 882,159
Single-family properties held for sale, net 189,991 114,907
Total real estate assets, net 11,218,584 10,244,559
Cash and cash equivalents 97,244 48,198
Restricted cash 160,476 143,569
Rent and other receivables 50,395 41,587
Escrow deposits, prepaid expenses and other assets 315,789 216,625
Investments in unconsolidated joint ventures 110,409 121,950
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 12,098,842 10,962,433
Liabilities    
Revolving credit facility 0 350,000
Asset-backed securitizations, net 1,895,269 1,908,346
Unsecured senior notes, net 2,493,898 1,622,132
Accounts payable and accrued expenses 567,240 343,526
Total liabilities 4,956,407 4,224,004
Commitments and contingencies (see Note 15)
Shareholders’ equity:    
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 9,200,000 and 15,400,000 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively) 92 154
Additional paid-in capital 6,926,629 6,492,933
Accumulated deficit (464,444) (438,710)
Accumulated other comprehensive income 1,455 1,814
Total shareholders’ equity 6,467,266 6,059,571
Noncontrolling interest 675,169 678,858
Total equity 7,142,435 6,738,429
Total liabilities and equity 12,098,842 10,962,433
Class A common shares    
Shareholders’ equity:    
Common stock issued 3,528 3,374
Class B common shares    
Shareholders’ equity:    
Common stock issued $ 6 $ 6