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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2023
(Amounts in thousands, except number of single-family homes)Initial Cost to CompanyCost Capitalized Subsequent to Acquisition
Total Cost
as of December 31, 2023 (1)
MarketNumber of Single-Family HomesGross Book Value of Encumbered AssetsLandBuildings and ImprovementsLandBuildings and ImprovementsLandBuildings and ImprovementsTotalAccumulated DepreciationNet Cost BasisDate of Acquisition
Single-family properties in operation
Albuquerque, NM270$— $9,938 $40,056 $— $6,531 $9,938 $46,587 $56,525 $(12,054)$44,471 2013-2022
Atlanta, GA5,853206,427 212,097 898,338 — 200,548 212,097 1,098,886 1,310,983 (248,079)1,062,904 2012-2023
Austin, TX70336,705 27,394 104,493 — 17,200 27,394 121,693 149,087 (34,626)114,461 2012-2022
Boise, ID9768,147 40,733 204,575 — 43,599 40,733 248,174 288,907 (30,810)258,097 2013-2023
Charleston, SC1,53584,684 67,732 240,094 — 44,412 67,732 284,506 352,238 (63,868)288,370 2012-2023
Charlotte, NC4,089319,232 157,174 619,899 — 122,859 157,174 742,758 899,932 (187,745)712,187 2012-2023
Cincinnati, OH2,127242,760 70,561 284,383 — 63,972 70,561 348,355 418,916 (112,125)306,791 2012-2023
Colorado Springs, CO158— 13,086 51,543 — 6,793 13,086 58,336 71,422 (4,053)67,369 2013-2023
Columbus, OH2,154147,835 66,209 286,158 — 69,118 66,209 355,276 421,485 (100,721)320,764 2012-2023
Dallas-Fort Worth, TX4,055291,308 107,357 489,319 — 114,852 107,357 604,171 711,528 (204,980)506,548 2012-2022
Denver, CO820— 46,727 184,551 — 26,951 46,727 211,502 258,229 (63,078)195,151 2012-2022
Greater Chicago area, IL and IN1,541169,277 48,638 190,792 — 55,063 48,638 245,855 294,493 (95,408)199,085 2012-2015
Greensboro, NC72554,612 21,938 99,432 — 17,154 21,938 116,586 138,524 (35,754)102,770 2013-2022
Greenville, SC76875,483 22,206 114,659 — 20,138 22,206 134,797 157,003 (37,702)119,301 2013-2022
Houston, TX2,402153,790 53,751 305,506 — 68,287 53,751 373,793 427,544 (122,449)305,095 2012-2022
Indianapolis, IN2,848306,275 82,186 328,244 — 84,670 82,186 412,914 495,100 (140,835)354,265 2012-2023
Inland Empire, CA18— 1,898 2,077 — 389 1,898 2,466 4,364 (761)3,603 2014-2016
Jacksonville, FL3,10163,391 106,155 469,923 — 100,003 106,155 569,926 676,081 (124,198)551,883 2012-2023
Knoxville, TN44617,986 16,169 81,052 — 10,881 16,169 91,933 108,102 (24,752)83,350 2013-2022
Las Vegas, NV2,16922,670 118,208 390,152 — 110,391 118,208 500,543 618,751 (78,738)540,013 2011-2023
Memphis, TN66417,584 23,512 86,939 — 18,471 23,512 105,410 128,922 (30,024)98,898 2013-2022
Miami, FL1703,492 2,020 19,826 — 5,141 2,020 24,967 26,987 (9,641)17,346 2013-2015
Milwaukee, WI75— 4,539 13,156 — 1,828 4,539 14,984 19,523 (5,824)13,699 2013
Nashville, TN3,319237,583 142,238 565,854 — 114,887 142,238 680,741 822,979 (165,931)657,048 2012-2023
Orlando, FL1,99947,924 73,787 298,240 — 65,601 73,787 363,841 437,628 (85,840)351,788 2011-2023
Phoenix, AZ3,36457,803 158,926 470,640 — 88,945 158,926 559,585 718,511 (142,079)576,432 2011-2023
Portland, OR18024,429 13,046 23,480 — 3,613 13,046 27,093 40,139 (8,084)32,055 2013-2022
Raleigh, NC2,179228,752 78,688 306,021 — 49,611 78,688 355,632 434,320 (107,067)327,253 2012-2023
Salt Lake City, UT1,901163,274 120,559 379,278 — 79,218 120,559 458,496 579,055 (103,579)475,476 2012-2023
San Antonio, TX1,26361,996 38,006 171,360 — 39,795 38,006 211,155 249,161 (51,918)197,243 2012-2022
Savannah/Hilton Head, SC1,05142,985 39,260 157,926 — 24,789 39,260 182,715 221,975 (41,690)180,285 2013-2023
Seattle, WA1,16128,919 93,654 259,368 — 30,728 93,654 290,096 383,750 (54,067)329,683 2012-2023
Tampa, FL2,90147,358 112,611 473,276 — 87,686 112,611 560,962 673,573 (130,034)543,539 2012-2023
Tucson, AZ64212,523 22,029 102,612 — 20,904 22,029 123,516 145,545 (24,420)121,125 2011-2023
Winston Salem, NC84344,754 21,269 104,807 — 18,331 21,269 123,138 144,407 (37,036)107,371 2013-2022
Total Single-family properties in operation58,4703,219,958 2,234,301 8,818,029 — 1,833,359 2,234,301 10,651,388 12,885,689 (2,719,970)10,165,719 2011-2023
Properties under development & development land— — 442,877 — 779,821 186,726 1,222,698 186,726 1,409,424 — 1,409,424 
Total single-family properties and land held for sale862— 52,368 121,632 13,068 34,495 65,436 156,127 221,563 (39,481)182,082 2011-2022
Total real estate assets59,332$3,219,958 $2,729,546 $8,939,661 $792,889 $2,054,580 $3,522,435 $10,994,241 $14,516,676 $(2,759,451)$11,757,225 2011-2023
(1)The unaudited aggregate cost of consolidated real estate in the table above for federal income tax purposes was $14.5 billion as of December 31, 2023.
American Homes 4 Rent
American Homes 4 Rent, L.P.
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2023 (continued)

Change in Total Real Estate Assets for Single-Family Properties in Operation
 For the Years Ended December 31,
(Amounts in thousands)202320222021
Balance, beginning of period$12,325,124 $11,320,426 $9,999,821 
Acquisitions and building improvements871,828 1,325,231 1,426,921 
Dispositions(313,029)(186,498)(95,997)
Write-offs(37,446)(36,614)(23,916)
Impairment(1,908)(2,499)(131)
Reclassifications to single-family properties and land held for sale, net of dispositions41,120 (94,922)13,728 
Balance, end of period$12,885,689 $12,325,124 $11,320,426 

Change in Accumulated Depreciation for Single-Family Properties in Operation
 For the Years Ended December 31,
(Amounts in thousands)202320222021
Balance, beginning of period$(2,386,452)$(2,072,933)$(1,754,433)
Depreciation (1)
(436,143)(410,413)(357,797)
Dispositions68,389 37,453 14,990 
Write-offs37,446 36,614 23,916 
Reclassifications to single-family properties and land held for sale, net of dispositions(3,210)22,827 391 
Balance, end of period$(2,719,970)$(2,386,452)$(2,072,933)
(1)Depreciation of buildings and improvements is computed on a straight-line basis over estimated useful lives ranging from three to thirty years.