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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Single-family properties:    
Land $ 2,208,667 $ 2,197,233
Buildings and improvements 10,351,621 10,127,891
Single-family properties in operation 12,560,288 12,325,124
Less: accumulated depreciation (2,552,998) (2,386,452)
Single-family properties in operation, net 10,007,290 9,938,672
Single-family properties under development and development land 1,339,508 1,187,221
Single-family properties and land held for sale, net 154,190 198,716
Total real estate assets, net 11,500,988 11,324,609
Cash and cash equivalents 199,601 69,155
Restricted cash 162,169 148,805
Rent and other receivables 45,911 47,752
Escrow deposits, prepaid expenses and other assets 359,473 331,446
Investments in unconsolidated joint ventures 108,351 107,347
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 12,522,438 12,175,059
Liabilities    
Revolving credit facility 0 130,000
Asset-backed securitizations, net 1,880,348 1,890,842
Unsecured senior notes, net 2,497,691 2,495,156
Accounts payable and accrued expenses 594,154 484,403
Total liabilities 4,972,193 5,000,401
Commitments and contingencies (see Note 15)
Shareholders’ equity:    
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 9,200,000 shares issued and outstanding at June 30, 2023 and December 31, 2022) 92 92
Additional paid-in capital 7,244,204 6,931,819
Accumulated deficit (385,434) (440,791)
Accumulated other comprehensive income 1,090 1,332
Total shareholders’ equity 6,863,572 6,495,987
Noncontrolling interest 686,673 678,671
Total equity 7,550,245 7,174,658
Total liabilities and equity/capital 12,522,438 12,175,059
Class A common shares    
Shareholders’ equity:    
Common stock issued 3,614 3,529
Class B common shares    
Shareholders’ equity:    
Common stock issued $ 6 $ 6