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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Single-family properties:    
Land $ 2,197,233 $ 2,062,039
Buildings and improvements 10,127,891 9,258,387
Single-family properties in operation 12,325,124 11,320,426
Less: accumulated depreciation (2,386,452) (2,072,933)
Single-family properties in operation, net 9,938,672 9,247,493
Single-family properties under development and development land 1,187,221 882,159
Single-family properties held for sale, net 198,716 114,907
Total real estate assets, net 11,324,609 10,244,559
Cash and cash equivalents 69,155 48,198
Restricted cash 148,805 143,569
Rent and other receivables 47,752 41,587
Escrow deposits, prepaid expenses and other assets 331,446 216,625
Investments in unconsolidated joint ventures 107,347 121,950
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 12,175,059 10,962,433
Liabilities    
Revolving credit facility 130,000 350,000
Asset-backed securitizations, net 1,890,842 1,908,346
Unsecured senior notes, net 2,495,156 1,622,132
Accounts payable and accrued expenses 484,403 343,526
Total liabilities 5,000,401 4,224,004
Commitments and contingencies (see Note 14)
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 December 31, 2022 and 2021, respectively) 92 154
Additional paid-in capital 6,931,819 6,492,933
Accumulated deficit (440,791) (438,710)
Accumulated other comprehensive income 1,332 1,814
Total shareholders' equity 6,495,987 6,059,571
Noncontrolling interest 678,671 678,858
Total equity 7,174,658 6,738,429
Total liabilities and equity/capital 12,175,059 10,962,433
Class A Common Shares    
Shareholders' equity:    
Common stock, value, issued 3,529 3,374
Class B common shares    
Shareholders' equity:    
Common stock, value, issued $ 6 $ 6