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Real Estate Assets, Net - Schedule of Real Estate Properties (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items] |  |
Single-family properties in operation, net | $ 10,165,719 | $ 9,938,672
Development land | 563,718 | 631,539
Single-family properties under development | 845,706 | 555,682
Single-family properties and land held for sale, net | 182,082 | 198,716
Total real estate assets, net | 11,757,225 | 11,324,609
Occupied single-family properties |  |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items] |  |
Single-family properties in operation, net | 9,595,421 | 9,419,098
Single-family properties leased, not yet occupied |  |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items] |  |
Single-family properties in operation, net | 54,481 | 52,325
Single-family properties in turnover process |  |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items] |  |
Single-family properties in operation, net | 370,856 | 281,356
Single-family properties recently renovated or developed |  |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items] |  |
Single-family properties in operation, net | 140,962 | 182,336
Single-family properties newly acquired and under renovation |  |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items] |  |
Single-family properties in operation, net | 3,999 | 3,557
Single Family Homes |  |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items] |  |
Total real estate assets, net | $ 11,757,225 | $ 11,324,609

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