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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Single-family properties:    
Land $ 2,234,301 $ 2,197,233
Buildings and improvements 10,651,388 10,127,891
Single-family properties in operation 12,885,689 12,325,124
Less: accumulated depreciation (2,719,970) (2,386,452)
Single-family properties in operation, net 10,165,719 9,938,672
Single-family properties under development and development land 1,409,424 1,187,221
Single-family properties and land held for sale, net 182,082 198,716
Total real estate assets, net 11,757,225 11,324,609
Cash and cash equivalents 59,385 69,155
Restricted cash 162,476 148,805
Rent and other receivables 42,823 47,752
Escrow deposits, prepaid expenses and other assets 406,138 331,446
Investments in unconsolidated joint ventures 114,198 107,347
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 12,688,190 12,175,059
Liabilities    
Revolving credit facility 90,000 130,000
Asset-backed securitizations, net 1,871,421 1,890,842
Unsecured senior notes, net 2,500,226 2,495,156
Accounts payable and accrued expenses 573,660 484,403
Total liabilities 5,035,307 5,000,401
Commitments and contingencies (see Note 14)
Shareholders' equity:    
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 9,200,000 shares issued and outstanding at December 31, 2023 and 2022) 92 92
Additional paid-in capital 7,357,848 6,931,819
Accumulated deficit (394,908) (440,791)
Accumulated other comprehensive income 843 1,332
Total shareholders' equity 6,967,524 6,495,987
Noncontrolling interest 685,359 678,671
Total equity 7,652,883 7,174,658
Total liabilities and equity/capital 12,688,190 12,175,059
Class A common shares    
Shareholders' equity:    
Common stock value 3,643 3,529
Class B common shares    
Shareholders' equity:    
Common stock value $ 6 $ 6